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SUPERTEL HOSPITALITY INC FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits

July 1, 2014



Item 1.01. Entry into a Material Definitive Agreement.

On June 30, 2014, Supertel Hospitality, Inc. (the "Company") entered into a Ninth Amendment to Amended and Restated Loan Agreement (the "Amendment") with Great Western Bank (the "Lender") to extend the maturity date of the revolving credit facility under the Amended and Restated Loan Agreement dated December 3, 2008 by and between the Company and the Lender from June 30, 2014 to August 30, 2014.

The Amended and Restated Loan Agreement dated December 3, 2008 was previously filed with, and is described in, the Company's Current Report on Form 8-K dated December 3, 2008. The first, second and third amendments thereto are described in the Company's Annual Reports on Form 10-K for the years ended December 31, 2008, December 31, 2009 and December 31, 2010, respectively, and were filed with the Company's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2009, March 31, 2010 and March 31, 2011, respectively. The fourth, fifth, sixth and seventh amendments thereto were previously filed with, and are described in, the Company's Current Reports on Form 8-K dated December 9, 2011, February 21, 2012, January 17, 2013 and March 26, 2013, respectively. The eighth amendment thereto was filed with the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2013. This description of the Amendment is qualified in its entirety by reference to the Amendment attached to this report as Exhibit 10.1 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

10.1 Ninth Amendment to Amended and Restated Loan Agreement dated June 30, 2014 by and between Supertel Hospitality, Inc. and Great Western Bank.



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Source: Edgar Glimpses


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