NYSE:APLEHotel and Resort REITs
Apple Hospitality REIT (APLE) Extended Its Major Debt Maturities Until 2029
Apple Hospitality REIT (NYSE: APLE) completed major refinancing transactions on its primary credit facility and term loan, reshaping its debt profile.
The amendments extend debt maturities so that the company faces no significant repayments until 2029.
Reworked covenants and pricing increase available liquidity and give Apple Hospitality REIT more room to pursue its growth plans.
This kind of balance sheet repositioning is not unique to Apple Hospitality REIT, so it is worth comparing this...