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BRIEF-Summit Hotel Properties Entered Fifth Amendment To $600 Mln Senior Credit Facility

BRIEF-Summit Hotel Properties Entered Fifth Amendment To $600 Mln Senior Credit Facility

Reuters · 07/27/2022 17:59
BRIEF-Summit Hotel Properties Entered Fifth Amendment To $600 Mln Senior Credit Facility

- Summit Hotel Properties Inc INN:

  • SUMMIT HOTEL PROPERTIES INC - FIFTH AMENDMENT TO $600.0 MILLION SENIOR CREDIT FACILITY

  • SUMMIT HOTEL PROPERTIES-UNDER AMENDMENT, REVOLVING CREDIT FACILITY, TERM LOAN FACILITY EACH NOW HAVE 2 ADDITIONAL 6-MONTH EXTENSION OPTIONS AVAILABLE

  • SUMMIT HOTEL PROPERTIES-2 ADDITIONAL 6-MONTH EXTENSION RESULT IN FULLY EXTENDED MATURITY DATE OF MARCH 31, 2025 FOR $400 MILLION REVOLVING CREDIT FACILITY

  • SUMMIT HOTEL PROPERTIES INC - 2 ADDITIONAL 6-MONTH EXTENSION RESULT IN FULLY EXTENDED MATURITY DATE OF APRIL 1, 2025 FOR $200 MILLION TERM LOAN FACILITY

  • SUMMIT HOTEL - INITIAL MATURITY DATES FOR REVOLVING CREDIT FACILITY AND TERM LOAN FACILITY REMAIN MARCH 31, 2023, AND APRIL 1, 2024, RESPECTIVELY

Source text for Eikon: [https://bit.ly/3S5ArwC]

Further company coverage: INN


((Reuters.Briefs@thomsonreuters.com;))