RLJ Lodging Trust
For the period ended Nov 6, 2024. Filed Nov 6, 2024.
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Nov 6, 2024 · Filed Nov 6, 2024
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Contents
EX-99.1 · (Amounts in thousands except interest data)
(Amounts in thousands except interest data)
| Loan | Base Term (Years) | Maturity(incl. extensions) | Floating / Fixed (1) | Interest Rate (2) | Balance as of September 30, 2024 (3) |
|---|---|---|---|---|---|
| Mortgage Debt | |||||
| Mortgage loan - 1 hotel | 10 | Jan 2029 | Fixed | 5.06% | $25,000 |
| Mortgage loan - 3 hotels | 5 | Apr 2026 | Floating | 4.78% | 96,000 |
| Mortgage loan - 4 hotels | 5 | Apr 2026 | Floating | 5.29% | 85,000 |
| Weighted Average / Mortgage Total | 5.02% | $206,000 | |||
| Corporate Debt | |||||
| Revolver (4) | 4 | May 2028 | Floating | 6.59% | $100,000 |
| $225 Million Term Loan Maturing 2026 | 3 | May 2028 | Floating | 3.91% | 225,000 |
| $200 Million Term Loan Maturing 2026 | 3 | January 2028 | Floating | 6.55% | 200,000 |
| $500 Million Term Loan Maturing 2027 | 3 | September 2029 | Floating | 4.82% | 500,000 |
| $500 Million Senior Notes due 2026 | 5 | July 2026 | Fixed | 3.75% | 500,000 |
| $500 Million Senior Notes due 2029 | 8 | September 2029 | Fixed | 4.00% | 500,000 |
| Weighted Average / Corporate Total | 4.51% | $2,025,000 | |||
| Weighted Average / Total | 4.56% | $2,231,000 | |||
Notes:
(1)The floating interest rate is hedged, or partially hedged, with an interest rate swap.
(2)Interest rates as of September 30, 2024, inclusive of the impact of interest rate hedges.
(3)Excludes the impact of fair value adjustments and deferred financing costs.
(4)As of September 30, 2024, there was $500.0 million of borrowing capacity on the Revolver, which is charged an unused commitment fee of 0.25% annually.
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