RFS Hotel Investors Inc., Memphis, has amended its $140 million line of credit and extended it for a year, to July 30, 2005.The real estate investment trust said the amendment relaxes certain financial covenants, including the interest coverage, fixed-charge coverage, and total-leverage tests. The interest rate will continue to range from 150 to 250 basis points above the London interbank offered rate. Banc of America LLC acted as the sole lead arranger of the LOC. The REIT can be found online at http://www.rfshotel.com.
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