ASHFORD HOSPITALITY TRUST ANNOUNCES AMENDMENT TO STRATEGIC FINANCING IN ANTICIPATION OF PAY OFF
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Ashford Hospitality Trust, Inc. (NYSE: AHT) has amended its strategic financing to reduce the exit fee from 15% to 12.5% if the loan balance is reduced to $50 million or less by November 15, 2024. This is part of their efforts to repay their only fully recourse debt.
November 06, 2024 | 1:15 pm
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Ashford Hospitality Trust has amended its strategic financing to lower the exit fee, aiming to reduce its loan balance to $50 million by November 15, 2024. This move is part of their strategy to manage and repay their only fully recourse debt.
The amendment to reduce the exit fee is a positive step for Ashford Hospitality Trust as it indicates proactive debt management. Successfully reducing the loan balance to $50 million by the deadline will lower costs and improve financial stability, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100