Company: DRH-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001298946-25-000085
Chunk: 14

Company: DiamondRock Hospitality Co
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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% (4)January 2030300,000 — Senior unsecured credit facilitySOFR + 1.40%January 2030 (3)— — Total debt1,100,000 1,095,808 Unamortized debt issuance costs (5)(1,244)(514)Debt, net of unamortized debt issuance costs$1,098,756 $1,095,294 Weighted-Average Interest Rate (6)5.31% _______________________

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(1)In connection with the Seventh Amended and Restated Credit Agreement, the existing $300.0 million unsecured term loan maturing in January 2026 was refinanced with two new $300.0 million unsecured term loans.(2)Interest rate as of September 30, 2025 was 5.02%, which includes the effect of interest rate swaps.(3)Maturity date may be extended for two additional six-month periods upon the payment of applicable fees and the satisfaction of certain customary conditions.(4)Interest rate as of September 30, 2025 was 5.47%.(5)Excludes debt issuance costs related to our senior unsecured credit facility, which are included within Prepaid and Other Assets on the accompanying consolidated balance sheets.(6)Includes the effect of interest rate swaps. See Note 6 for additional disclosures on interest rate swaps.Senior Unsecured Credit Facility and Unsecured Term Loans Prior to July 22, 2025, we were party to a Sixth Amended and Restated Credit Agreement that provided us with a $400.0 million senior unsecured revolving credit facility and two term loan facilities in the aggregate amount of $800.0 million.  The revolving credit facility was scheduled to mature on September 27, 2026, which we could extend for an additional year upon the payment of applicable fees and satisfaction of certain standard conditions. The term loan facilities consisted of a $500.0 million term loan maturing on January 3, 2028 and a $300.0 million term loan maturing January 3, 2026. We had the right to increase the aggregate amount of the facilities to $1.4 billion upon the satisfaction of certain standard conditions. On July 2, 2025, we drew $60.0 million on our senior unsecured revolving credit facility, which was subsequently repaid.On July 22, 2025, we