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  "documentTitle": "Summit Hotel Properties | Investor Presentation Deck | 32 slides",
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  "authorName": "Summit Hotel Properties",
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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "Pro Forma Debt Maturity Schedule (1)\nNo material debt maturities until 2025\n$0 2023\n$15 2024\n$42 $225 2025\n$288 2026\n$43 $209 2027\n$7 $102 $10 2028\n$3 2029+\n$ in millions",
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      "text": "Pro Forma Capital Structure (1,2)\nNet Debt: $1.1 Billion\nCommon Equity: $0.7 Billion\nPreferred Equity: $0.3 Billion\nPro Rata Capitalization $2.2B\n15% 33% 52%",
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      "text": "GIC JV Credit Facility\nJV Mortgage Debt\nConvertible Debt\nGIC JV NCI Term Loan\nMortgage Debt\nSenior Unsecured Revolver\nBofA Term Loan\nKeyBank Term Loan",
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      "text": "Pro Forma Key Highlights (1,2)\nLiquidity (Undrawn Revolver Capacity + Cash) ~$435MM\nPro Rata Net Debt Outstanding $1.1B\nPro Rata Net Debt / Total Enterprise Value 51%\nAvg. Length to Maturity >3 Yrs\nPro Forma Weighted Avg. Cost of Debt 4.75%\nFixed Charge Ratio (3) 2.5x",
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      "text": "1. Based on financials and pro rata debt as of November 1, 2023. Assumes fully-extended maturity dates for all loans.\n2. Summit's market close price as of November 2, 2023. Amounts are pro rata.\n3. Based on 2023E Consensus EBITDA of $185.7 million and fixed charges of pro rata 2023E principal, interest expense, and preferred dividends on a pro forma basis.",
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      "text": "Well-positioned balance sheet & liquidity profile",
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