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Prospect News home > News index > List of issuers R > Headlines for RLJ Lodging Trust > News item
Published on 5/22/2012 in the Prospect News Bank Loan Daily.

RLJ Lodging Trust gets $85 million loan at Libor plus 235 bps

By Sara Rosenberg

New York, May 22 - RLJ Lodging Trust closed on an $85 million four-year loan that is priced at Libor plus 235 basis points, according to a news release.

PNC Bank led the deal.

The loan has a one-year extension option.

Proceeds were used to refinance existing debt.

RLJ Lodging Trust is a Bethesda, Md.-based real estate investment trust focused on acquiring premium-branded, focused-service and compact full-service hotels.


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