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RLJ Lodging borrows $400 million under its $600 million revolver
By Sarah Lizee
Olympia, Wash., March 20 – RLJ Lodging Trust operating partnership RLJ Lodging Trust, LP borrowed $400 million under its $600 million revolving credit facility on Thursday, according to an 8-K filing with the Securities and Exchange Commission.
The proceeds may be used for working capital, general corporate purposes or other purposes permitted by the third amended and restated credit agreement.
RLJ Lodging is a Bethesda, Md.-based real estate investment trust focused on acquiring hotels.
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