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Ashford Announces $100 Million Corporate Financing Commitment

Ashford Announces $100 Million Corporate Financing Commitment

04/04/22, 8:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgdallas
Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced that the Company has entered into a new $100 million Corporate Term Loan (the "Loan"). The Loan has an initial term of five years with three, one-year extension options subject to the satisfaction of certain conditions and bears interest at a rate of LIBOR + 7.35%. At closing, the Company drew down $50 million on the Loan and has the option to draw the additional $50 million over the next 24 months

Company Info

Company
Ashford
Location
dallas, georgia, united states
Additional Info
Ashford is an alternative asset management company with a portfolio of strategic operating businesses that provides global asset management, investment management and related services to the real estate and hospitality sectors.