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Red Lion Hotels Corporation Closes $50 Million Revolving Credit Facility.

Publication: PR Newswire
Publication Date: 14-SEP-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SPOKANE, Wash., Sept. 14 /PRNewswire-FirstCall/ -- Red Lion Hotels Corporation today announced that it has closed on a $50 million revolving credit facility with Calyon Corporate and Investment Bank as Administrative Agent, Key Bank as Documentation Agent, and CIBC, Union Bank of California and Wells Fargo Bank as participants. The interest rate for the facility will be based on a range of spreads between 150 and 225 basis points over LIBOR, depending on the company's leverage levels. Subject to certain conditions, the facility allows for two 1-year extensions after its initial 3-year term, as...

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