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RLJ Lodging ( (RLJ) ) has issued an update.
On February 18, 2026, RLJ Lodging Trust announced it had successfully refinanced all of its debt maturities through 2028, extending its $600 million revolving credit facility to 2031 and upsizing and recasting an existing unsecured term loan to about $570 million, with part funded at closing and the balance as a delayed-draw commitment. The company also entered into a new $150 million seven-year delayed-draw term loan maturing in 2033 and refinanced approximately $155 million of mortgage debt that had been due in 2026, pushing those maturities out to 2029–2031 and enabling RLJ to fully address its $500 million senior notes maturing in July 2026, effectively laddering its debt profile and leaving no major maturities until 2029, which supports balance-sheet strength and provides greater financial flexibility for growth initiatives.
The refinancing package included a $150 million unsecured delayed-draw term loan under a 2026 Term Loan Agreement with The Huntington National Bank, scheduled to mature in 2033 and expected to be used to repay a portion of the 2026 senior notes before their July 2026 due date. RLJ also executed a 2022 Term Loan Amendment with Capital One to align covenant terms and pricing, including removing a 10-basis-point SOFR credit spread adjustment on a $300 million unsecured term loan maturing in 2028, and in January 2026 refinanced two PNC Bank mortgage loans totaling $154.8 million, extending their initial maturity to April 10, 2029 with extension options, collectively reinforcing the company’s liquidity and demonstrating strong lender support in a higher-rate environment.
The most recent analyst rating on (RLJ) stock is a Hold with a $8.00 price target. To see the full list of analyst forecasts on RLJ Lodging stock, see the RLJ Stock Forecast page.
Spark’s Take on RLJ Stock
According to Spark, TipRanks’ AI Analyst, RLJ is a Neutral.
RLJ Lodging’s overall score reflects a stable financial position with operational efficiency but is weighed down by valuation concerns and mixed technical signals. The earnings call and corporate events provide some positive outlook, but challenges in revenue growth and external headwinds remain significant.
To see Spark’s full report on RLJ stock, click here.
More about RLJ Lodging
RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels, giving it concentrated exposure to the upper midscale and upscale lodging segment. The REIT’s portfolio strategy emphasizes branded, efficient operating models designed to generate resilient cash flows across lodging cycles.
Average Trading Volume: 1,901,124
Technical Sentiment Signal: Hold
Current Market Cap: $1.26B
Learn more about RLJ stock on TipRanks’ Stock Analysis page.