Company: DRH-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001298946-25-000077
Chunk: 61

Company: DiamondRock Hospitality Co
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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 reserves, for the most recent trailing 12 month period, to fixed charges, which is defined in the Credit Agreement as interest expense, all regularly scheduled principal payments and payments on capitalized lease obligations, for the same 12 month period. The components of the Company's interest expense consist of the following (in thousands):Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Unsecured term loan interest$10,868 $11,368 $21,630 $22,755 Mortgage debt interest2,699 4,009 5,791 8,044 Credit facility interest and unused fees312 312 620 623 Amortization of debt issuance costs521 513 1,056 1,026 Finance lease expense(1)468 — $929 $— $14,868 $16,202 $30,026 $32,448 _____________(1)In October 2024, we extended the term on one of our ground leases, and, as a result, the lease classification changed from an operating lease to a finance lease.

6. Derivatives

We have the following derivatives (dollars in thousands):

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Fair Value of Assets (Liabilities)Hedged DebtTypeFixed RateIndexEffective DateMaturity DateNotional AmountJune 30,2025December 31, 2024Senior unsecured term loansSwap3.36 %SOFRMarch 1, 2023January 1, 2028$75,000 32 1,328 Senior unsecured term loansSwap3.50 %SOFRMarch 1, 2023January 1, 2027$75,000 90 747 Senior unsecured term loansSwap3.27 %SOFROctober 1, 2024January 1, 2028$37,500 96 757 Senior unsecured term loansSwap3.27 %SOFROctober 1, 2024January 1, 2028$37,500 96 758 Senior unsecured term loansSwap3.07 %SOFRJanuary 2, 2025January 1, 2027$25,000 188 456 Senior unsecured term loansSwap3.25 %SOFRJanuary 2, 2025January 1, 2026$75,000