Item 1.02
Termination of a Material Definitive Agreement.
In connection with the consummation of the Mergers, on November 28, 2023, the Company repaid in full all outstanding indebtedness and terminated all obligations and commitments under its Credit Agreement, dated as of August 4, 2022, by and among Company OP, the Company, Citibank, N.A. and the other parties signatories thereto (the "Existing Company Debt"). The Company did not incur any early termination penalties as a result of the repayment of indebtedness or termination of the Existing Company Debt, which had a scheduled maturity date of August 4, 2024 for both the secured term loan and the secured revolving line of credit. In connection with the repayment of the outstanding indebtedness by the Company under the Existing Company Debt, any guarantees, liens and other security interests in connection therewith were automatically terminated and/or released, as applicable.
The material terms of the Existing Company Debt are more fully described in the Company's Current Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (the "SEC") on November 9, 2023, which description is incorporated herein by reference. The description of the Existing Company Debt incorporated by reference is not complete and is subject to and entirely qualified by reference to the full text of the Existing Company Debt.

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Hersha Hospitality Trust published this content on 28 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2023 14:22:13 UTC.