The Company has pay-fixed/receive-variable interest rate swaps in place to hedge $600 million of the Term Loan B Facility, set to run out in the second quarter of 2024. During the third quarter of 2023, the Company executed $600 million of new ahead beginning interest rate swaps on the Term Loan B Facility, which can start in second quarter 2024 and expire in 2028. As of September 30, 2023, the Company had $2.2 billion of long-term debt excellent with a weighted common Hotels News interest rate of four.9%. The Company borrowed $110 million on its revolving credit facility during the…
