The company said Hilton Domestic Operating Company Inc., an indirect subsidiary, entered into Amendment No. 11 to its Credit Agreement on June 14, 2024. The company said that after the amendment and the repayment of term B-3 loans with proceeds from new term B-4 loans, the total principal of term loans outstanding will be about $3,119.00 million.

1. 01

   The company said Hilton Domestic Operating Company Inc., an indirect subsidiary, entered into Amendment No. 11 to its Credit Agreement on June 14, 2024. The company said that after the amendment and the repayment of term B-3 loans with proceeds from new term B-4 loans, the total principal of term loans outstanding will be about $3,119.00 million.

2. 02

   The company said approximately $1,000.00 million of term B-3 loans outstanding under the Credit Agreement will be fully repaid with the proceeds of incremental term B-4 loans.

3. 03

   The company said the Repriced Term Loans will mature on November 8, 2030, and that the applicable margin will be reduced to 1.75% per annum for Term SOFR rate loans and to 0.75% per annum for base rate loans.

4. 04

   The company said the credit spread adjustment will be removed for Term SOFR rate loans, and that a premium of 1.00% of the principal amount will apply to any Repriced Term Loans prepaid in certain repricing transactions within 6 months of the Amendment's effective date.

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