Chatham Lodging Trust Files 8-K for Material Agreement
Ticker: CLDT-PA · Form: 8-K · Filed: Sep 29, 2025 · CIK: 1476045
| Field | Detail |
|---|---|
| Company | Chatham Lodging Trust (CLDT-PA) |
| Form Type | 8-K |
| Filed Date | Sep 29, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $300 million, $200 million, $500 million, $260 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: CLDT
TL;DR
CLDT signed a big deal, new financial obligations incoming.
AI Summary
On September 25, 2025, Chatham Lodging Trust entered into a material definitive agreement, creating a direct financial obligation. The filing also includes Regulation FD disclosures and financial exhibits.
Why It Matters
This filing indicates a significant new financial commitment or agreement for Chatham Lodging Trust, which could impact its financial obligations and future operations.
Risk Assessment
Risk Level: medium — The entry into a material definitive agreement and creation of financial obligations suggests potential new risks or changes in the company's financial structure.
Key Players & Entities
- Chatham Lodging Trust (company) — Registrant
- September 25, 2025 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Chatham Lodging Trust enter into?
The filing states that Chatham Lodging Trust entered into a material definitive agreement, but the specific details of the agreement are not provided in the provided text.
What is the nature of the direct financial obligation created?
The filing indicates the creation of a direct financial obligation, but the specific terms and amount of this obligation are not detailed in the provided text.
What are the key financial exhibits included with this 8-K filing?
The filing mentions 'Financial Statements and Exhibits' as an item information, but the specific exhibits are not listed in the provided text.
What is the significance of the Regulation FD Disclosure mentioned?
Regulation FD Disclosure indicates that the company is providing information to the public in a non-discriminatory manner, often related to material non-public information.
When was this Form 8-K filed with the SEC?
This Form 8-K was filed on September 29, 2025.
Filing Stats: 1,074 words · 4 min read · ~4 pages · Grade level 11.7 · Accepted 2025-09-29 11:51:10
Key Financial Figures
- $0.01 — Common Shares of Beneficial Interest, $0.01 par value CLDT New York Stock Excha
- $300 million — n. The Credit Agreement provides for a $300 million unsecured revolving loan and an unsecur
- $200 million — ving loan and an unsecured term loan of $200 million for a total of $500 million to replace
- $500 million — erm loan of $200 million for a total of $500 million to replace the existing $260 million re
- $260 million — of $500 million to replace the existing $260 million revolving credit facility and $140 unse
- $140 — 0 million revolving credit facility and $140 unsecured term loan facility (together,
- $60 million — funded term loan were used to repay the $60 million of outstanding borrowings under the pri
- $140 million — llion revolving credit facility and the $140 million of outstanding borrowings under the pri
Filing Documents
- cldt20250925_8k.htm (8-K) — 39KB
- ex_864574.htm (EX-10.1) — 1791KB
- ex_864575.htm (EX-99.1) — 11KB
- cravensig01.jpg (GRAPHIC) — 17KB
- cravensig02.jpg (GRAPHIC) — 19KB
- dangsig01.jpg (GRAPHIC) — 27KB
- davissig01.jpg (GRAPHIC) — 26KB
- devitosig01.jpg (GRAPHIC) — 15KB
- divide.jpg (GRAPHIC) — 1KB
- gavinsig01.jpg (GRAPHIC) — 13KB
- grosssig01.jpg (GRAPHIC) — 9KB
- hughessig01.jpg (GRAPHIC) — 11KB
- hunnicuttsig01.jpg (GRAPHIC) — 12KB
- irs.jpg (GRAPHIC) — 7KB
- lmls_logo.jpg (GRAPHIC) — 19KB
- logo.jpg (GRAPHIC) — 14KB
- payment.jpg (GRAPHIC) — 5KB
- sweetsig01.jpg (GRAPHIC) — 14KB
- 0001437749-25-029977.txt ( ) — 2554KB
- cldt-20250925.xsd (EX-101.SCH) — 4KB
- cldt-20250925_def.xml (EX-101.DEF) — 14KB
- cldt-20250925_lab.xml (EX-101.LAB) — 18KB
- cldt-20250925_pre.xml (EX-101.PRE) — 14KB
- cldt20250925_8k_htm.xml (XML) — 5KB
01
Item 1.01. Entry into a Material Definitive Agreement. On September 25, 2025, Chatham Lodging Trust (the "Company"), as parent guarantor, Chatham Lodging LP, as borrower (the "Operating Partnership"), and certain subsidiaries of the Operating Partnership, as guarantors, entered into that certain new Credit Agreement (the "Credit Agreement") for which Bank of America Securities, Inc. ("BOFA") is acting as the administrative agent. BOFA, Wells Fargo Securities, LLC, Capital One, National Association, Regions Capital Markets and Truist Securities Inc. acted as joint lead arrangers, and JPMorgan Chase Bank, N.A. and Royal Bank of Canada also served as lenders in the transaction. The Credit Agreement provides for a $300 million unsecured revolving loan and an unsecured term loan of $200 million for a total of $500 million to replace the existing $260 million revolving credit facility and $140 unsecured term loan facility (together, the "Existing Facilities"). Proceeds from the new $200 million funded term loan were used to repay the $60 million of outstanding borrowings under the prior $260 million revolving credit facility and the $140 million of outstanding borrowings under the prior term loan. The new credit facility will mature on September 25, 2029 and additionally includes options to extend the maturity by 12 months. Pursuant to the Credit Agreement, the Company and certain subsidiaries of the Company guarantee to the lenders thereunder all of the financial obligations (including indebtedness, capital leases and guarantees) of the Operating Partnership and each other guarantor. From time to time, the Operating Partnership may be required to cause additional subsidiaries to become guarantors under the Credit Agreement. All borrowings under the unsecured revolving loan will bear interest at a rate per annum pursuant to a leveraged based pricing grid over the applicable adjusted term Secured Overnight Financing Rate ("SOFR") ranging from 1.5% to 2.25% (currentl
03
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 of this Current Report on Form 8-K with respect to the Credit Agreement made thereunder, is hereby incorporated by reference into this Item 2.03.
01
Item 7.01. Regulation FD Disclosure. On September 26, 2025, the Company issued a press release announcing the Company's refinancing made in connection with entering into the agreements described under Item 1.01 of this Current Report on Form 8-K. A copy of that press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Credit Agreement, dated as of September 25, 2025, among the Operating Partnership, as the borrower, the Registrant, as the parent REIT and a guarantor, certain subsidiaries of the borrower, as guarantors, Bank of America, N.A., as administrative agent and L/C issuer, and the other lenders party thereto. 99.1 Press release regarding refinancing and upsizing of credit facility, addition of term loan issued September 26, 2025. 104 Cover page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CHATHAM LODGING TRUST September 29, 2025 By: /s/ Jeremy B. Wegner Name: Jeremy B. Wegner Title: Senior Vice President and Chief Financial Officer