8-K - RLJ Lodging Trust | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

RLJ Lodging Trust entered into a Sixth Amended and Restated Credit Agreement extending its $600M revolver maturity to 2030 and adding a $569M Tranche A-1 term loan maturing 2031, plus a new $150M term loan maturing 2033 and refinanced $154.8M mortgages to 2029. These transactions refinance all debt maturities through 2028 and fund repayment of 2026 Senior Notes.

Key Takeaways

1Closed Sixth Amended Credit Agreement on February 11, 2026 with Wells Fargo as agent

2$600M Revolver maturity extended from May 2027 to February 2030 with extension options

3$569M Tranche A-1 Term Loan replaces $225M existing loan, $344M delayed draw, matures 2031

4$150M delayed draw term loan with Huntington, matures February 2033

5$500M Tranche A-2 Term Loan matures September 2027 with extensions

6$154.8M PNC mortgages refinanced in January 2026, new maturity April 2029

7No revolver balance outstanding as of Closing Date

Current Report Details

Event Type

Material Agreement+3 More

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

. Entry into a Material Definitive Agreement. On February 11, 2026 (the “Closing Date”), RLJ Lodging Trust (the “Company”), as parent guarantor, and RLJ Lodging

Material Agreement

$600.0M$569.0M$225.0M$500.0M

Source Document

2.03

. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosure set forth under “Item 1.01.

Financing

8.01

. Other Events. On the Closing Date, the Company and the Operating Partnership entered into a Term Loan Agreement (the “2026 Term Loan Agreement”) with The Hunt

Other Event

$150.0M$150.0M$150.0M$300.0M

9.01

. Financial Statements and Exhibits (d) The following exhibits are filed as part of this report: Exhibit Number Description 10.1* Sixth Amended and Restated Cre

Exhibits Only

Source Document

Transaction Details

Material Agreement

Agreement: Sixth Amended and Restated Credit Agreement
Parties: RLJ Lodging Trust (parent guarantor), RLJ Lodging Trust, L.P. (borrower), Wells Fargo Bank, National Association (administrative agent), other lenders party thereto

•$600M revolving credit facility maturity extended to February 11, 2030 with one 1-year or two 6-month extension options
•$569M unsecured Tranche A-1 delayed draw term loan maturity February 11, 2031
•$500M Tranche A-2 term loan maturity September 24, 2027 with two 1-year extensions
•SOFR + 135-190 bps (term loans) or 140-195 bps (revolver); base rate options
•Expansion options up to $750M revolver, $669M Tranche A-1, $600M Tranche A-2, $475M additional term loans
•Proceeds for redevelopment, acquisitions, capex, dividends, debt repayment, working capital
•Financial covenants including leverage ratio ≤7.25x, fixed charge coverage ≥1.5x

Debt / Financing

Exhibits (4)

10.1

EXHIBIT 10.1

10.2

EXHIBIT 10.2

8-K

FORM 8-K

99.1

EXHIBIT 99.1