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  "documentTitle": "Summit Hotel Properties | Investor Presentation Deck | 30 slides",
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      "text": "Pro Forma Debt Maturity Schedule ($ in millions) (1) $500 $400 No outstanding maturities until Q4 2024 $300 $200 $100 $0 $0 2023 $15 $102 2024 $42 $225 $200 2025 $288 2026 $44 $209 2027 $7 2028 $3 2029+",
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      "text": "Pro Forma Capital Structure (1,2) $0.3b or 14.4% $0.8b or 37.5% Pro Rata Capitalization $2.1B $1.0b or 48.1%",
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      "text": "SUMMIT HOTEL PROPERTIES",
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      "text": "Liquidity (Undrawn Revolver Capacity + Cash): $0.5B Pro Rata Net Debt Outstanding: $1.0B Pro Rata Net Debt / Total Enterprise Value: 48% Average Length to Maturity: ~3 years Pro Forma Weighted Avg. Cost of Debt: 4.6% Consensus EBITDA / Fixed Charge Ratio (3) : 2.9x",
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      "text": "JV MR1 Credit Facility JV MR3 Term Loan B of A Term Loan KeyBank Term Loan Convertible Debt Mortgage Debt JV Mortgage Debt",
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      "text": "(1) Based on financials and pro rata debt as of March 31, 2023. Assumes fully-extended maturity dates for all loans, the sale of six pending dispositions for $79.9 million in cash, and the two new JV interest- rate swaps are effective.\n(2) Summit's market close price as of May 3, 2023. Amounts are pro rata.\n(3) Based on 2023E Consensus EBITDA of $209.5 million and fixed charges of pro rata 2023E principal, interest expense, and preferred dividends on a pro forma basis.",
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      "text": "Strong Balance Sheet and Liquidity Support Future Growth",
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