Ashford hospitality trust announces amendment to strategic financing in anticipation of pay off

Dallas , nov. 6, 2024 /prnewswire/ -- ashford hospitality trust, inc. (nyse: aht) ("ashford trust" or the "company") announced today that it has entered into an amendment to its strategic financing that will reduce the exit fee from 15.0% to 12.5% of the original loan balance through december 15, 2024, provided that the outstanding loan balance has been reduced to $50 million or less by november 15, 2024. the strategic financing represents the company's only fully recourse debt obligation, and this amendment represents the latest in a series of targeted initiatives undertaken by the company to complete repayment of that obligation.
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