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Starwood Hotels enters $375M loan pact

April
15

Starwood Hotels & Resorts Worldwide Inc. has entered into a $375 million loan agreement with various lenders as part of an amended credit agreement, the hotelier disclosed in a regulatory filing today.

Proceeds from the loan will be used to repay debt, to pay fees and expenses related to the repayment and for general corporate purposes, the White Plains-based company said.

This entry was posted on Tuesday, April 15th, 2008 at 4:27 pm by David Schepp. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Banking, Corporate doings, Credit, Loans, Regulatory filings, Securities & Exchange Commission, Under contract

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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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