Hilton Worldwide amends, extends and ups revolver to $2 billion

By William Gullotti

Buffalo, N.Y., Jan. 5 – Hilton Domestic Operating Co., Inc., an indirect subsidiary of Hilton Worldwide Holdings Inc., entered into a ninth amendment to its credit agreement with Deutsche Bank AG New York Branch as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

Effective Thursday at signing, the revolver portion of the credit agreement was increased to $2 billion from $1.75 billion.

Also, the revolver’s maturity date was extended to the earlier of (x) Jan. 5, 2028 and (y) the date that is 91 days prior to the stated maturity of the borrower’s existing term loans (or any permitted refinancing of such term loans outstanding as of such date).

All other terms of the revolver and overarching credit agreement, which includes a $2.6 billion term loan B due June 2026, will remain substantially the same.

Hilton is a McLean, Va.-based hospitality company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.