RLJ Lodging Trust Refinances Debt Maturities, Strengthens Balance Sheet

RLJ Lodging Trust has successfully refinanced all its debt maturities through 2028, extending its revolver, upsize and recast an existing term loan, add a new seven-year term loan, and refinance its secured debt maturing in 2026. The company plans to use the incremental proceeds to pay off its $500 million senior notes at maturity in July 2026. Following this refinancing, the next debt maturity is not until 2029, further laddering the debt maturity schedule and strengthening the balance sheet.