SILVER SPRING, Md. (AFX) - Hotel franchisor Choice Hotels International Inc. said Friday it refinanced its $350 million senior unsecured revolving credit facility, which was set to expire in July 2009.
The company said it entered into a new $350 million senior unsecured revolving credit facility on June 16 with a group of 10 financial institutions. The facility matures in June 2011.
Choice Hotels closed up $1.09, or 2 percent, at $55.55 on the New York Stock Exchange.
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