Chris Woronka

Duane Pfennigwerth

Smedes Rose

Chris Darling

David Katz

Michael Bellisario

Dany Asad

Dori Kesten

Floris van Dijkum

Daniel Hogan

Daniel Politzer

Jack Armstrong

Ketan Carl

Logan Epstein

Patrick Scholes

Stephen Grambling

- Sunstone Hotel Investors, Inc. (SHO) entered into a **Third Amended and Restated Credit Agreement** on **September 24, 2025**, establishing an **aggregate borrowing capacity of $1.35 billion**.  **[1295810_0001104659-25-093887_sho-20250924xex10d1.htm:0]** **[1295810_0001104659-25-093887_sho-20250924xex99d1.htm:0]** **[1295810_0001104659-25-093887_sho-20250924x8k.htm:1]** 
- This agreement addresses all near-term maturities, extends the duration of remaining in-place loans, and strengthens the company's balance sheet.  **[1295810_0001104659-25-093887_sho-20250924xex99d1.htm:0]** 
- The facilities consist of a **$500 million revolving credit facility** and **$850 million in term loan facilities**, with maturities extending to **2030 and 2031**, inclusive of extension options.  **[1295810_0001104659-25-093887_sho-20250924xex99d1.htm:0]** **[1295810_0001104659-25-093887_sho-20250924x8k.htm:1]** 
- Following the repayment of Series A Senior Notes in January 2026 using a delayed draw of up to **$90 million**, the company is expected to have **no debt maturities until 2028**.  **[1295810_0001104659-25-093887_sho-20250924xex99d1.htm:0]** 
- The company also entered into interest rate swaps, resulting in **over 75% of its debt and preferred equity now being subject to fixed rates**.  **[1295810_0001104659-25-093887_sho-20250924xex99d1.htm:0]**

Sunstone Hotel Investors Completes $1.35 Billion Amended and Restated Credit Agreement

- Sunstone Hotel Investors, Inc. (SHO) has entered into a **$1.35 billion** Third Amended and Restated Credit Agreement.  **[1295810_20250925LA82768:0]** 
- This agreement addresses all maturities through **2028**, extends the average maturity of debt by over **three years**, and lowers the overall cost of borrowing.  **[1295810_20250925LA82768:0]** 
- The new facilities include a **$500 million** revolving credit facility and three term loan facilities totaling **$850 million**, with initial maturities extending into **2029, 2030, and 2031**.  **[1295810_20250925LA82768:0]** 
- The company utilized interest rate swaps, resulting in over **75%** of its debt and preferred equity now subject to fixed rates, and will have no debt maturities until **2028** after repaying Series A Senior Notes.  **[1295810_20250925LA82768:0]**

Sunstone Hotel Investors Completes Amended Credit Agreement

Sunstone Hotel Investors (SHO)