Cases & Deals

Wells Fargo provides $1 billion secured financing to real estate investment trust

Clients Wells Fargo Bank, National Association

Jones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $1 billion senior secured credit facility for a private real estate investment trust specializing in group-oriented, destination hotel assets in urban and resort markets. The facility consisted of a $700 million revolver and a $300 million term loan.