debt
confidence high
sentiment positive
materiality 0.50
Summit Hotel amends four credit agreements, eliminating 0.10% SOFR credit spread adjustment
Summit Hotel Properties, Inc.
- Removed 0.10% credit spread adjustment to Term SOFR on delayed-draw term loan, OP credit facility, GIC JV facility and 2024 term loan.
- Amendment effective December 17, 2025; reduces interest expense on these floating-rate borrowings.
- Facilities affected: DDTL ($? ), $850M OP revolver, GIC JV loan, and $350M term loan (based on prior filings).