Xenia Hotels & Resorts (XHR) Provides Business Update
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Xenia Hotels & Resorts Provides Business Update
August 27, 2020 6:30 AM EDTORLANDO, Fla., Aug. 27, 2020 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today provided an update on its recently amended credit facilities, pending transactions, and hotel operations.
On August 11, 2020, in connection with the pricing of its $300 million of senior secured notes due 2025, the Company effectuated amendments to each of its corporate credit agreements, including its $500 million senior revolving credit facility and four term loan facilities totaling $575 million. The amendments included permanent changes to the corporate credit agreements, including changes to the application of mandatory prepayments,... More
