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  "documentTitle": "Summit Hotel Properties | Investor Presentation Deck | 46 slides",
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  "authorName": "Summit Hotel Properties",
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  "presentationDate": "2023-01-01 00:00:00",
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      "text": "Pro Forma Debt Maturity Schedule ($ in millions) (1) No outstanding maturities until Q4 2024 $0 $0 $102 $15 $425 $42 $288 $209 $44 $10 2022 2023 2024 2025 2026 2027 2028+",
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      "text": "Pro Forma Capital Structure (1,2) $0.3B or 13.1% $1.0B or 41.2% Pro Rata Capitalization $2.4B $1.1B or 45.7%",
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      "text": "Net Debt Common Equity Preferred Equity",
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      "text": "Unsecured Revolver JV MR1 Credit Facility JV MR2 Credit Facility JV Mortgage Debt Unsecured Term Loans Convertible Debt Mortgage Debt",
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      "text": "(1) Based on financials and pro rata debt as of December 5, 2022. Assumes fully-extended maturity dates for all loans.\n(2) Summit's market close price as of December 5, 2022. Amounts are pro rata.\n(3) Based on 2022E Consensus EBITDA and fixed charges of pro rata 2022E principal, interest expense, and preferred dividends on a pro forma basis.",
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      "text": "Pro Forma Key Highlights (1,2) Liquidity (Undrawn Revolver Capacity + Cash): $449M Pro Rata Debt Outstanding: $1.2B Pro Rata Net Debt / Total Enterprise Value: 46% Average Length to Maturity: 2.9 years Pro Forma Weighted Avg. Cost of Debt: 4.8% Consensus EBITDA / Fixed Charge Ratio (3): 2.4x",
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