Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Playa Hotels & Resorts N.V. incurred term loan of $1.7 billion with Bank of America, N.A., as administrative agent, JPMorgan Chase Bank, N.A. and Wells Fargo Bank, N.A., as co-syndication agents, and BofA Securities, Inc., JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC, as joint book runners and lead arrangers at base rate plus a range of 0.000% to 0.425% per annum, depending on Hyatt's debt maturing third anniversary of the date that the loans thereunder are funded.
- Instrument
- term loan
- Principal
- $1.7 billion
- Counterparty
- Bank of America, N.A., as administrative agent, JPMorgan Chase Bank, N.A. and Wells Fargo Bank, N.A., as co-syndication agents, and BofA Securities, Inc., JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC, as joint book runners and lead arrangers
- Rate
- base rate plus a range of 0.000% to 0.425% per annum, depending on Hyatt's debt
- Maturity
- third anniversary of the date that the loans thereunder are funded
- Event
- incurrence
Exact text from the filing
On June 11, 2025, Hyatt borrowed $1.7 billion of DDTL Loans under the Delayed Draw Term Loan Facility to finance the acquisition of Playa, repay certain indebtedness of Playa and its subsidiaries in connection with such acquisition and to pay related fees and expenses.
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Executive change
SEC 8-K Item 5.02
confidence 0.8
Bruce D. Wardinski departed as other_named_officer at Playa Hotels & Resorts N.V..
- Action
- ceased to be executive officer
Exact text from the filing
Bruce D. Wardinski, Ryan Hymel and Tracy M.J. Colden each ceased to be executive officers of the Company.
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Executive change
SEC 8-K Item 5.02
confidence 0.8
Tracy M.J. Colden departed as other_named_officer at Playa Hotels & Resorts N.V..
- Action
- ceased to be executive officer
Exact text from the filing
Bruce D. Wardinski, Ryan Hymel and Tracy M.J. Colden each ceased to be executive officers of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.8
Ryan Hymel departed as other_named_officer at Playa Hotels & Resorts N.V..
- Action
- ceased to be executive officer
Exact text from the filing
Bruce D. Wardinski, Ryan Hymel and Tracy M.J. Colden each ceased to be executive officers of the Company.
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.99
Playa Hotels & Resorts N.V. underwent a change of control involving Hyatt Hotels Corporation for $13.50 per Share payable in cash (closed 2025-06-11).
- Action
- change of control
- Counterparty
- Hyatt Hotels Corporation
- Consideration
- $13.50 per Share payable in cash
- Closing
- 2025-06-11
Exact text from the filing
the Purchase Agreement dated May 16, 2025, to purchase all of the issued and outstanding ordinary shares, par value €0.10 per share, of Playa (“ Shares ”) at a purchase price of $13.50 per Share payable in cash (the “ Offer Consideration ”), less applicable withholding taxes and without interest, upon the terms and subject to the conditions set forth in the
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