{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-034703","form_type":"8-K","ticker":"H","cik":"0001468174","company_name":"Hyatt Hotels Corp","filed_at":"2025-04-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.384522+00:00","generated_at":"2026-05-23T15:25:22.985015+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Hyatt enters $1.7B delayed draw term loan to finance Playa acquisition","bullets":["Credit agreement provides $1.7B delayed draw term loan facility; no borrowings outstanding as of April 11, 2025.","Matures three years after funding; interest at base rate+0.000%-0.425% or term SOFR+0.815%-1.425% based on debt ratings.","Unused commitment fee of 0.15% on daily undrawn amount starting July 10, 2025; borrowing available until Oct 9, 2025.","Proceeds to finance portion of consideration for Playa Hotels & Resorts acquisition and refinance Playa's existing credit agreement.","Mandatory prepayment triggers include debt incurrences, equity issuances, and asset sales; $500M threshold for second-anniversary prepayment."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-034703","json":"https://secwatch.observer/filing/0001104659-25-034703.json","markdown":"https://secwatch.observer/filing/0001104659-25-034703.md","text":"https://secwatch.observer/filing/0001104659-25-034703.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1468174/000110465925034703/0001104659-25-034703-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1468174/000110465925034703/tm2512211d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T15:25:22.985015+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"40d73cf271f989b3e60c8db8c85f5cbf0859e197","claim":"Hyatt Hotels Corp incurred term loan of $1.7 billion with Bank of America, N.A. at term SOFR plus a range of 0.815% to 1.425% per annum maturing third anniversary of the Funding Date.","evidence_excerpt":"the Credit Agreement provides for a $1.7 billion delayed draw term loan facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1468174/000110465925034703/0001104659-25-034703-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$1.7 billion"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"term SOFR plus a range of 0.815% to 1.425% per annum"},{"label":"Maturity","value":"third anniversary of the Funding Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}