Debt (Tables)

6 Months Ended

Jun. 30, 2025

Debt as of June 30, 2025 and December 31, 2024 consisted of the following (dollar amounts in thousands):


						Balance Outstanding as of
	Rate Type	Rate(1)			Maturity Date	June 30, 2025		December 31, 2024
Mortgage Loans
Grand Bohemian Hotel Orlando, Autograph Collection	Fixed	4.53	%		3/1/2026	$	52,677	$	53,306
Marriott San Francisco Airport Waterfront	Fixed	4.63	%		5/1/2027	104,865		105,972
Andaz Napa	Fixed (2)	5.72	%		1/19/2028	54,582		55,000
Total Mortgage Loans		4.88	%	(3)		$	212,124	$	214,278
Corporate Credit Facilities (4)
2024 Initial Term Loan	Variable (5)	6.23	%		11/3/2028	225,000		225,000
2024 Delayed Draw Term Loan	Variable (5)	6.23	%		11/3/2028	100,000		—

Revolving Credit Facility (2024)	Variable (6)	6.23	%		11/3/2028	—		10,000
Total Corporate Credit Facilities						$	325,000	$	235,000
2029 Senior Notes $500M	Fixed	4.88	%		6/1/2029	500,000		500,000
2030 Senior Notes $400M	Fixed	6.63	%		5/15/2030	400,000		400,000

Loan premiums, discounts and unamortized deferred financing costs, net (7)						(13,443)		(14,575)
Total Debt, net of loan premiums, discounts and unamortized deferred financing costs		5.67	%	(3)		$	1,423,681	$	1,334,703

(1)The rates shown represent the annual interest rates as of June 30, 2025. The variable index for the corporate credit facilities is Term SOFR, subject to a 10 basis point credit spread adjustment and a zero basis point floor, as further described below under "Corporate Credit Facilities."

(2)A variable interest loan for which the interest rate has been fixed with an interest rate swap to Term SOFR through January 1, 2027.

(3)Represents the weighted-average interest rate as of June 30, 2025.

(4)In November 2024, the Company upsized and extended its corporate credit facility. The amended and restated credit facility consists of a $500 million revolving line of credit, a new $225 million term loan and a $100 million delayed draw term loan which was funded in January 2025. The amended and restated credit facility matures in November 2028 and can be extended by up to two additional six-month periods. Pricing on the amended and restated credit facility remains the same.

(5)A variable interest loan for which the spread to Term SOFR varies based on the Company’s leverage ratio, as further described below under “Corporate Credit Facilities.”

(6)The spread to Term SOFR varies based on the Company’s leverage ratio, as further described below under “Corporate Credit Facilities.”

(7)Includes loan premiums, discounts and deferred financing costs, net of accumulated amortization.

Schedule of Principal Payments and Debt Maturities

The following table shows scheduled principal payments and debt maturities for the next five years and thereafter (in thousands):


	As of June 30, 2025		Weighted- Average Interest Rate
2025	$	2,277	4.84%
2026	55,381		4.56%
2027	102,388		4.64%
2028	377,078		6.16%
2029	500,000		4.88%
Thereafter	400,000		6.63%
Total Debt	$	1,437,124	5.67%
Revolving Credit Facility (matures in 2028)	—		6.23%
Loan premiums, discounts and unamortized deferred financing costs, net	(13,443)		—
Debt, net of loan premiums, discounts and unamortized deferred financing costs	$	1,423,681	5.67%

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Xenia Hotels & Resorts, Inc. 10-Q