Highland Hospitality Corp., a real estate investment trust based in McLean, Va., has closed on a three-year, $150 million unsecured revolving credit facility.Highland said the facility will replace its $100 million secured term loan facility, which was fully drawn at the time of closing. The interest rate on the new facility will be based on grid pricing, with a range of 150 to 225 basis points above the London interbank offered rate. Wells Fargo Bank was the administrative agent and sole lead arranger of the facility. The REIT can be found on the Web at http://www.highlandhospitality.com.
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