• Strategic refinance
Strategic Hotels has agreed a USD120m loan refinancing with Deutsche Bank Securities. The new facility replaces a USD130m loan previously in place, secured against the Four Seasons in Washington DC.

Deutsche Bank has agreed a three year term with two conditional, one year extension options. Strategic will pay a floating rate for the funds, set at 225 basis points above LIBOR.
Read the full story here:
http://ir.strategichotels.com/phoenix.zhtml?c=176522&p=irol-newsArticle&ID=1943810&highlight=
 
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