LaSalle Hotel Properties announced this month that it had closed on a new $177.5 million term loan. The seven-year term loan matures on May 16, 2019, and was swapped to a fixed interest rate for the full seven-year term. The loan closing came days before LaSalle Hotel prepared to finish redeeming about $166.8 million of its preferred shares on May 21, according to a Law360 article.
Regions Capital Markets and BMO Capital Markets were Joint Lead Arrangers and Joint Book Running Managers. US Bank, BB&T and Raymond James Bank were also participants in the term loan.
For more news and information visit Blumberg Capital Partners.
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