Apple Hospitality REIT, Inc. has completed a series of refinancing transactions, including a new Fourth Amended and Restated Credit Agreement and amendments to several term loans. These actions increase the company's total borrowing capacity, extend its debt maturity profile, and provide enhanced financial flexibility.
Key Details
- Amended Credit Agreement: On July 23, 2026, the company entered a new credit agreement, increasing its senior unsecured revolving credit facility from $650 million to $700 million and extending its maturity to July 24, 2030.
- Term Loan Extensions: The agreement extended the maturity of its $275 million Term A-1 Loan to July 24, 2031, and its $300 million Term A-2 Loan to January 23, 2032.
- Additional Term Loan: The company also amended and upsized a separate unsecured term loan from $130 million to $160 million, extending its maturity to July 24, 2033. The incremental $30 million was used to repay outstanding revolver balances and certain secured debt.