---
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"
generated_at: "2026-05-23T15:25:22.985015+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hyatt enters $1.7B delayed draw term loan to finance Playa acquisition

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-034703
- JSON: https://secwatch.observer/filing/0001104659-25-034703.json
- Plain text: https://secwatch.observer/filing/0001104659-25-034703.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $1.7 billion
  - Counterparty: Bank of America, N.A.
  - Rate: term SOFR plus a range of 0.815% to 1.425% per annum
  - Maturity: third anniversary of the Funding Date
  - Event: incurrence
  source text: the Credit Agreement provides for a $1.7 billion delayed draw term loan facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468174/000110465925034703/0001104659-25-034703-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.