Summit Hotel Properties, Inc. has secured a USD 275 million unsecured delayed draw term loan facility aimed at supporting refinancing initiatives and corporate needs. This move reflects the company’s continued focus on strengthening its capital structure while laying the foundation for long-term growth in the dynamic hospitality sector.
The new loan arrangement, supported by a group of lenders including Bank of America, allows Summit flexible access to capital through March 1, 2026. With a maturity date set for March 27, 2028, and optional extensions up to 2030, the facility also features a USD 50 million accordion option. This structure offers the financial agility needed to navigate shifting market dynamics and invest…
