BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (NYSE: RLJ) today announced that it has further amended its Senior Unsecured Credit Facilities to extend the waiver period for the testing of its financial covenants from March 31, 2021 to December 31, 2021, unless terminated earlier by the Company. The amendments also extended the modification of certain financial covenants, once quarterly testing resumes, through the first quarter of 2023. All other terms and restrictions as outlined in the amendment to the Company’s $1.8 billion Senior Unsecured Credit Facilities announced as of June 25, 2020, remain substantially unchanged.

“With the successful extension of our covenant waiver period, we are pleased with the incremental flexibility we have created as we navigate this pandemic and are appreciative of the unanimous support from our long-term lending partners,” commented Leslie D. Hale, President and Chief Executive Officer. “Our ability to extend the covenant waiver period with minimal changes to our previously announced amendments is a testament to the strength of our balance sheet and our strong lender relationships.”

About Us

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.