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Prospect News home > News index > List of issuers R > Headlines for RLJ Lodging Trust > News item
Published on 9/9/2021 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily and Prospect News Preferred Stock Daily.

S&P rates RLJ notes BB-

S&P said it assigned its BB- issue-level and 2 recovery ratings (rounded estimate: 80%) to RLJ Lodging Trust's expected $500 million of senior secured notes due 2029.

RLJ’s B+ issuer credit rating, negative outlook and BB- senior secured issue-level rating are unchanged, S&P said.

The company plans to use the proceeds to repay $475 million of FelCor Lodging LP notes due 2025.


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