Summit Hotel Properties, Inc. (INN) entered into a $650 million senior unsecured credit facility on June 29, 2026, replacing its prior credit agreement. The facility includes a $400 million revolving credit line, a $200 million term loan, and a $50 million delayed draw term loan, with maturities in 2030 and 2031. The filing also details financial covenants such as a maximum leverage ratio of 7.25x and a minimum fixed charge coverage ratio of 1.50x.
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