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PALM BEACH, FL-Locally based Chatham Lodging Trust has signed a commitment letter with a group of lenders for an $85-million senior secured-credit facility.  The paper includes an accordion feature that will allow the company to increase the size of the facility to $110 million.  It will mature in three years and the interest rate will be Libor plus 3.25% with a Libor floor of 1.25%.

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