RLJ Lodging Trust (RLJ) prices $500 million 3.750% senior secured notes.

RLJ Lodging Trust (RLJ) announced today that it has priced a $500 million offering of 3.750% senior secured notes due 2026.  The company said that proceeds from the offering would be used to repay near-term bank and mortgage debt maturities.

RLJ is a lodging REIT with an owned portfolio of 101 hotels/22,400 rooms located in 23 states and the District of Columbia.