LaSalle Hotel Properties, Bethesda, Md., has announced the closing of a $215 million senior unsecured bank facility.The new three-year line of credit replaces the company's current credit facility and comes with "improved" terms and pricing, according to LaSalle's chief financial officer, Hans Weger, although pricing details were not disclosed. The facility carries a one-year extension option. The co-lead arrangers of the facility were Bank of Montreal, the administrative agent, and Fleet National Bank, the syndication agent. LaSalle, a real estate investment trust, can be found online at http://www.lasallehotels.com.
REIT Closes $215MM LOC
November 21, 2003, 3:00 p.m. EST 1 Min Read
