Item 1.01 Entry into a Material Definitive Agreement.
Credit Agreement Amendment
OnJanuary 5, 2023 ,Hilton Domestic Operating Company, Inc. (the "Borrower"), an indirect subsidiary ofHilton Worldwide Holdings Inc. (the "Company"), entered into Amendment No. 9 (the "Amendment") to the Credit Agreement dated as ofOctober 25, 2013 (as amended by Amendment No. 1 to the Credit Agreement dated as ofAugust 18, 2016 , as further amended by Amendment No. 2 to the Credit Agreement dated as ofNovember 21, 2016 , as further amended by Amendment No. 3 to the Credit Agreement dated as ofMarch 16, 2017 , as further amended by Amendment No. 4 to the Credit Agreement dated as ofApril 19, 2018 , as further amended by Amendment No. 5 to the Credit Agreement dated as ofJune 5, 2019 , as further amended by Amendment No. 6 to the Credit Agreement dated as ofJune 21, 2019 , as further amended by Amendment No. 7 to the Credit Agreement dated as ofOctober 21, 2021 and as further amended by Amendment No. 8 to the Credit Agreement dated as ofDecember 9, 2022 , the "Credit Agreement"). After giving effect to the Amendment, the revolving credit commitments under the senior secured revolving credit facility (the "Revolving Credit Facility") under the Credit Agreement will be increased from$1.75 billion to$2.0 billion and the maturity date of the Revolving Credit Facility will be extended to the earlier of (x)January 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 Revolving Credit Facility and the Credit Agreement will remain substantially the same except as otherwise amended by the Amendment.
Certain of the participants in the Credit Agreement and their respective affiliates have engaged in, and may in the future engage in, investment banking, advisory roles and other commercial dealings in the ordinary course of business with the Company and/or its affiliates. They have received, or may in the future receive, customary fees and commissions for these transactions. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of such document, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 10.1 Amendment No. 9, dated as ofJanuary 5, 2023 , to the Credit Agreement, dated as ofOctober 25, 2013 (as amended by
Amendment No. 1 to the Credit
Agreement dated as ofAugust 18, 2016 , as further
amended by Amendment No. 2
to the Credit Agreement dated as ofNovember 21 ,
2016, as further amended by
Amendment No. 3 to the Credit Agreement dated as
of
further amended by Amendment No. 4 to the Credit
Agreement dated as of April
19, 2018, as further amended by Amendment No. 5 to
the Credit Agreement dated
as ofJune 5, 2019 , as further amended by
Amendment No. 6 to the Credit
Agreement dated as ofJune 21, 2019 , as further
amended by Amendment No. 7 to
the Credit Agreement dated as ofOctober 21, 2021
and as further amended by
Amendment No. 8 to the Credit Agreement dated as
of
amongHilton Worldwide Holdings Inc. , Hilton
Domestic Operating Company, Inc. , the other
guarantors party thereto from
time to time, Deutsche Bank AG New York Branch as administrative agent, collateral agent, swing line lender and L/C issuer and the other lenders party thereto from time to time. 104 Cover Page Interactive Data File (embedded within
the Inline XBRL document).
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