Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Summit Hotel Properties, Inc. amended Delayed Draw Term Loan Agreement with Bank of America, N.A. valued at Delayed Draw Term Loan Amendment reducing interest rate by removing 0.10% credit spread adjustment t (effective 2025-12-17).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- Delayed Draw Term Loan Amendment reducing interest rate by removing 0.10% credit spread adjustment t
- Effective
- 2025-12-17
Exact text from the filing
On December 17, 2025, Summit Hotel OP, LP (the “Operating Partnership”), as borrower, Summit Hotel Properties, Inc. (the “Company”), as parent guarantor, the subsidiary guarantors party thereto, the lenders party thereto and Bank of America, N.A. (“BofA”), as administrative agent, entered into an amendment to that certain Delayed Draw Term Loan Agreement, dated as of March 27, 2025, by and among the Operating Partnership, the Company, BofA and the other parties party thereto (the “DDTL Amendment”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Summit Hotel Properties, Inc. amended GIC JV Credit Facility with Bank of America, N.A. valued at GIC JV Credit Facility Amendment reducing interest rate by removing 0.10% credit spread adjustment t (effective 2025-12-17).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- GIC JV Credit Facility Amendment reducing interest rate by removing 0.10% credit spread adjustment t
- Effective
- 2025-12-17
Exact text from the filing
On December 17, 2025, Summit JV MR 1, LLC (“MR1”), as borrower, Summit Hospitality JV, LP (“GIC Joint Venture”), the subsidiary guarantors party thereto, the lenders party thereto and BofA, as administrative agent, entered into an amendment to that certain Credit Agreement, dated as of September 15, 2023, by and among MR1, GIC Joint Venture, BofA and the other parties party thereto (the “ GIC JV Credit Facility Amendment ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Summit Hotel Properties, Inc. amended Amended and Restated Credit Agreement (OP Credit Facility) with Bank of America, N.A. valued at OP Credit Facility Amendment reducing interest rate by removing 0.10% credit spread adjustment to te (effective 2025-12-17).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- OP Credit Facility Amendment reducing interest rate by removing 0.10% credit spread adjustment to te
- Effective
- 2025-12-17
Exact text from the filing
On December 17, 2025, the Operating Partnership, as borrower, the Company, as parent guarantor, the subsidiary guarantors party thereto, the lenders party thereto and BofA, as administrative agent, entered into an amendment to that certain Amended and Restated Credit Agreement dated as of June 21, 2023, by and among the Operating Partnership, the Company, BofA and the other parties party thereto (the “OP Credit Facility Amendment” and together with the DDTL Amendment, GIC JV Credit Facility Amendment and 2024 Term Loan Amendment, the “Amendments”).
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