The renewed facility maintains a current interest of 4.375%. The agent for the facility is U.S. Bank. The facility is a syndicate of six lenders.
WestCoast Hospitality Corporation completed the acquisition of Red Lion Hotels Inc. in December 2001. The company now owns, manages and franchises more than 90 hotels in 16 states.
WestCoast's New York Stock Exchange-listed shares are trading today at $6.23, off $0.04 on the day on below-average volume. The share price is well off its 52-week high of $8.08, achieved on May 8th of this year. The company's 52-week low of $5.86 occurred in October of 2001.
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