Gaurav Mehta

Jonathan Jenkins

Aryeh Klein

Manish Modi

- Chatham Lodging Trust (CLDT) entered into a new credit agreement on **September 25, 2025**, refinancing and upsizing its unsecured credit facility.  **[1476045_0001437749-25-029977_ex_864574.htm:0]** **[1476045_0001437749-25-029977_ex_864575.htm:1]** **[1476045_0001437749-25-029977_cldt20250925_8k.htm:1]** 
- The new facility increases total capacity from **$400 million** to **$500 million**, comprising a **$300 million** senior unsecured revolving loan and a **$200 million** senior unsecured term loan.  **[1476045_0001437749-25-029977_ex_864575.htm:1]** **[1476045_0001437749-25-029977_cldt20250925_8k.htm:1]** 
- This credit facility includes an accordion feature, allowing it to be increased up to **$650 million**, and matures in **September 2029**, with options for a 12-month extension.  **[1476045_0001437749-25-029977_ex_864575.htm:1]** **[1476045_0001437749-25-029977_cldt20250925_8k.htm:1]** 
- Interest rates for the revolving loan range from **1.5% to 2.25%** (currently 1.6%) over adjusted term SOFR, while the term loan rates range from **1.45% to 2.2%** (a 0.1% decrease from the prior facility) over adjusted term SOFR.  **[1476045_0001437749-25-029977_ex_864575.htm:1]** **[1476045_0001437749-25-029977_cldt20250925_8k.htm:1]** 
- The agreement also permits the company to purchase up to **$75,000,000** of its common stock during the term of the agreement, subject to certain conditions.  **[1476045_0001437749-25-029977_ex_864574.htm:121]**