Business News • MarketWire • Royal Host Real Estate Investment Trust Confirms Financing |
Royal Host Real Estate Investment Trust Confirms Financing |
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Royal Host Real Estate Investment Trust Confirms Financing
HALIFAX, NOVA SCOTIA--(Marketwire - June 22, 2010) - Royal Host Real Estate Investment Trust (TSX:RYL.UN) (TSX:RYL.DB.B) (TSX:RYL.DB.C) (TSX:RYL.DB.D) ("Royal Host" or "the Trust") announced today it has completed the renewal of a mortgage that had been due to mature in May, 2010, inline with previously announced intentions. The mortgage was renewed for a period of 3 years with options to renew for two further years. The refinancing is for approximately $21.0 million with a fixed interest rate of 6.82% for the initial 3 year term.
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