Replies to post #217 on Ashford Hospitality Trust (AHT)

[TruckingAngler]

AHT reduces debt% 2/09:
"On February 9, 2021, the Company executed an agreement regarding existing defaults and extension options for the Loan (the “Modification Agreement”) pursuant to which (a) the Company paid to the lender all current and past due debt service and tax reserve contributions, and (b) the lender suspended all FF&E reserve contributions (for the furniture, fixtures and equipment reserve accounts generally reserved to finance capital improvements to the property) through December 2021. Additionally, the Modification Agreement lowers the debt yield extension test for the fifth extension option from 10.38% to 8.0%. Finally, the Forbearance Agreement provides that the second extension option is deemed exercised as of November 9, 2020."
GLTA
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