Sunstone Hotel Investors Inc

NYSE:SHO   3:59:56 PM EDT
12.19
+0.07 (+0.58%)
Debt Financing / Related

Sunstone Hotel Investors Completes $850 Million Amended And Restated Credit Agreement

Published: 07/27/2022 12:40 GMT
Sunstone Hotel Investors Inc (SHO) - Sunstone Hotel Investors Completes $850 Million Amended and Restated Credit Agreement.
Sunstone Hotel Investors Inc - Amended Credit Agreement Continues to Provide for a $500 Million Revolving Credit Facility.
Sunstone Hotel Investors Inc - Amended Credit Agreement Increases Aggregate Amount of Company's Two Term Loan Facilities From $108 Million to $350 Million.
Sunstone Hotel Investors Inc - Two Term Loan Facilities Each Have a Balance of $175 Million and Mature in July 2027 and January 2028.
Sunstone Hotel Investors - Utilized Proceeds From Incremental Borrowing to Fully Repay $230 Million Outstanding on Its Revolving Credit Facility.