U S Bancorp announces $3 billion common stock repurchase program marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.
Chatham Lodging Trust Executes Credit Facility Amendment
Chatham Lodging Trust Executes Credit Facility Amendment Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded, select-service, today announced that it amended its $250 million revolving credit facility. This amendment follows the previous amendment completed in May 2020. Key terms of this amendment, which are applicable during the waiver period, are as follows: Waiver of key financial covenants through December 31, 2021. Testing of covenants as of March 31, 2022 Continues to allow for full utilization of entire $250 million credit facility. Uphold applicable margin on borrowings at LIBOR plus 250 basis points if borrowings on the credit facility are under $200 million and LIBOR plus 300 basis points if borrowings are over $200 million.
Item 8.01 Other Events.
On December 1, 2020, Virginia Electric and Power Company (the Company) entered into an underwriting agreement (the Underwriting Agreement) with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and TD Securities (USA) LLC, as Representatives for the underwriters named in the Underwriting Agreement, for the sale of $900,000,000 aggregate principal amount of the Company s 2020 Series A 2.45% Senior Notes due 2050 (the Senior Notes). The Senior Notes are Senior Debt Securities that were registered by the Company under Rule 415 under the Securities Act of 1933, as amended, pursuant to a registration statement on Form S-3, which became effective on June 26, 2020 (File No. 333-239472).A copy of the Underwriting Agreement, including exhibits thereto, is filed as Exhibit 1.1 to this Form 8-K.
TravelCenters of America Closes New $200 Million Term Loan businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.
Lumen Technologies completes redemption of Qwest Corporation Notes
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DENVER, Dec. 14, 2020 /PRNewswire/ Lumen Technologies (NYSE: LUMN) announced today that Qwest Corporation, its indirect, wholly-owned subsidiary, completed its previously announced redemption of all $775 million principal amount of its 6.125% Notes due 2053 at par plus accrued and unpaid interest to, but excluding, the redemption date. Additional information regarding this redemption is available from U.S. Bank National Association.
About Lumen
Lumen is guided by our belief that humanity is at its best when technology advances the way we live and work. With approximately 450,000 route fiber miles and serving customers in more than 60 countries, we deliver the fastest, most secure platform for applications and data to help businesses, government and communities deliver amazing experiences.