MEMPHIS, TN— RFS Hotel Investors, Inc. reported today that its operating partnership, RFS Partnership, LP intends to offer $125 million of senior notes, which will be unconditionally guaranteed by RFS and certain of its subsidiaries. Both entities intend to use the proceeds of the proposed offering primarily to repay certain secured indebtedness of RFS and the partnership and to reduce borrowings outstanding under RFS line of credit. Subject to market conditions, the company expects to complete the notes offering this month.
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