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(NYSE: INN), headquartered in Austin, Texas, has completed the refinancing and upsizing of its senior unsecured credit facility to $650 million. The company announced the close of the transaction on June 30, 2026.
The deal both replaces the existing credit arrangement and increases the total capital available to the company.
What a Senior Unsecured Credit Facility Is A senior unsecured credit facility is a borrowing arrangement in which lenders extend a company access to a pool of capital — available to draw on as needed — without requiring the borrower to pledge specific assets as collateral.
"Senior" describes where this debt sits in the repayment queue: holders of senior obligations are paid before subordinated creditors in a distress scenario.
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