Hilton Worldwide Announces Credit Agreement Amendment

Details

announced through an 8-K filing that Hilton Domestic Operating Company Inc., an indirect subsidiary, entered into Amendment No. 11 to its Credit Agreement dated October 25, 2013. The amendment modifies the terms of term B-4 loans, reducing the margins and removing credit spread adjustments, with the loans maturing on November 8, 2030. The amendment is intended to reprice existing term B-3 loans to term B-4 loans, with a total principal amount of approximately $3,119.00 million.

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About Hilton Worldwide Holdings Inc.

Hilton Worldwide Holdings Inc. is a prominent global hospitality company known for its expansive network of hotels and resorts. The primary function of Hilton is to provide high-quality lodging services across diverse segments, catering to both leisure and business travelers. With a portfolio that spans luxury, full-service, and budget accommodations, Hilton operates under several flagship brands such as Waldorf Astoria, Conrad, Hilton Hotels & Resorts, and Hampton by Hilton. By leveraging an extensive franchise model and strategic partnerships, Hilton ensures widespread presence in key markets globally. Founded in 1919, Hilton plays a significant role in the travel and tourism industry, drawing guests from around the world and contributing to local economies through job creation and tourism development. Hilton's ability to adapt to evolving consumer preferences, its focus on customer experience, and its innovation in hospitality technology underscore its influential position in the global hotel market.