Short answer
Apple Hospitality REIT, Inc. (APLE) filed an 8-K current report with the SEC on July 28, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). Revolver commitments increased from $650 million to $700 million, expanding liquidity for acquisitions and general corporate needs.
Apple Hospitality REIT, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Revolver commitments increased from $650 million to $700 million, expanding liquidity for acquisitions and general corporate needs
- Revolver maturity extended to July 24, 2030, with optional additional extensions subject to conditions
- Term A-1 and Term A-2 maturities extended to July 24, 2031 and January 23, 2032
- $589 million outstanding at closing: $14 million Revolver, $275 million Term A-1, and $300 million Term A-2
- Incremental borrowing capacity up to $1.75 billion, subject to lender commitments and covenant compliance
Item 8.01 · Other Events
- Refinancing raises Seven-Year Term Loan to $160 million, adding $30 million for Revolver and secured-debt repayment
- Maturity extended to July 24, 2033, improving debt-tenor profile and near-term refinancing flexibility
- Interest priced at SOFR plus 170–265 basis points, determined by leverage ratio
- Accordion permits commitments up to $300 million, subject to conditions
- Existing $385 million and $85 million term loans retain principal and maturities, with terms aligned to amended agreement
Item EX-99.1 · Exhibit EX-99.1
- Refinancing extends maturities, with no significant debt maturities until 2029 and weighted average debt maturity near five years
- Main Credit Facility capacity increases to approximately $1.3 billion, including a $700 million revolver maturing July 24, 2030
- $160 million Seven-Year Term Loan matures July 24, 2033, including $30 million used for revolver balance and secured debt maturities
- Improved pricing across approximately $1.77 billion of facilities, with Main Facility rates at SOFR plus 1.35%–2.30%
- No revolver borrowings outstanding, preserving liquidity; accordion features allow capacity expansion to $1.75 billion and $300 million respectively
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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