Summit Hotel Properties, Inc.

$50m committed across 1 active facility, next covenant test Sep 30, 2026. INN · INN-PE · INN-PF

Real Estate Investment Trusts

Total leverage: when the limit steps, and which way the company's ratio has been moving.

Tested quarterly10 to 25% of headroom leftLimit
Maintain as of the last day of each fiscal quarter of the Parent Guarantor, a Leverage Ratio of not greater than to 1.00.
Read the filing on sec.gov ↗
Tested quarterlyover 25% of headroom leftLimit
Maintain as of the last day of each fiscal quarter of the Parent Guarantor a ratio of Unencumbered Adjusted NOI to Assumed Unsecured Interest Expense ... equal to or greater than to 1.00.
Read the filing on sec.gov ↗
Tested otherHeadroom not yet measuredLimit
Maintain at all times a Consolidated Tangible Net Worth of not less than the sum of (A) , plus (B) an amount equal to of the net cash proceeds of all issuances or sales of Equity Interests of the Parent Guarantor or any of its Subsidiaries consummated after March 31, 2026.
Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measuredLimit
Maintain as of the last day of each fiscal quarter of the Parent Guarantor, a Consolidated Fixed Charge Coverage Ratio of not less than to 1.00.
Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measuredLimit
Maintain as of the last day of each fiscal quarter of the Parent Guarantor, a ratio of Secured Indebtedness to Total Asset Value equal to not more than .
Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measuredLimit
Maintain as of the last day of each fiscal quarter of the Parent Guarantor, a ratio of Secured Recourse Indebtedness to Total Asset Value equal to not more than .
Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measuredLimit
Maintain as of the last day of each fiscal quarter of the Parent Guarantor a ratio of Consolidated Unsecured Indebtedness of the Parent Guarantor to Unencumbered Asset Value ... less than or equal to .
Read the filing on sec.gov ↗
Tested otherHeadroom not yet measuredLimit
Maintain at all times at least () Unencumbered Assets in the Unencumbered Asset Pool.
Read the filing on sec.gov ↗

SECOND AMENDED AND RESTATED CREDIT AGREEMENT

Signed Jun 29, 2026

Committed
$50m
Matures
n/a
Agent
BANK OF AMERICA, N.A.
TrancheSizeMaturesMargin
Revolving Credit Facilityn/an/a
Term Loan Facilityn/an/a
Delayed Draw Term Loan Facility$50mn/a

Priced over Term SOFR, margin set by a 10-level grid.

Priced over Term SOFR, margin set by a 8-level grid.

Priced over Other, margin set by a single rate (§2.08(c)).

Lenders: BOFA SECURITIES, INC., WELLS FARGO SECURITIES LLC, JPMORGAN CHASE BANK, N.A., REGIONS CAPITAL MARKETS, U.S. BANK NATIONAL ASSOCIATION, CAPITAL ONE, NATIONAL ASSOCIATION, THE HUNTINGTON NATIONAL BANK, TRUIST BANK, MANUFACTURERS & TRADERS TRUST COMPANY, BANK OF NOVA SCOTIA

No amendments on file yet.