secwatch.observer — SEC 8-K summary
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Issuer:     Summit Hotel Properties, Inc. (INN)
CIK:        0001497645
Form:       8-K
Filed at:   2025-12-18T23:59:59+00:00
Accession:  0001497645-25-000109
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Summit Hotel amends four credit agreements, eliminating 0.10% SOFR credit spread adjustment
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1497645/000149764525000109/0001497645-25-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1497645/000149764525000109/inn-20251217.htm
  HTML page:      https://secwatch.observer/filing/0001497645-25-000109

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