--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-25-060328" form_type: "8-K" ticker: null cik: "0001692412" company_name: "Playa Hotels & Resorts N.V." filed_at: "2025-06-17T23:59:59+00:00" generated_at: "2026-05-19T04:42:22.117724+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # Hyatt completes acquisition of Playa Hotels & Resorts at $13.50/share for ~$1.4B ## Summary - Buyer accepted 101.9M shares (82.8%) at Expiration; post-close Hyatt owns 94.3% of Playa. - Aggregate consideration paid in Offer was approximately $1.4 billion in cash. - Hyatt funded the acquisition via a $1.7 billion delayed draw term loan facility. - Board and CEO departures effective at close; three Hyatt executives appointed as new directors. - Shares to be delisted from Nasdaq; Form 25 filed June 16, Form 15 expected June 26. ## SEC filing metadata - accession: 0001104659-25-060328 - form_type: 8-K - cik: 0001692412 - company_name: Playa Hotels & Resorts N.V. - filed_at: 2025-06-17T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 2.01, 2.03, 3.01, 3.03, 5.01, 5.02 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1692412/000110465925060328/0001104659-25-060328-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692412/000110465925060328/tm2518205d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-25-060328 - JSON: https://secwatch.observer/filing/0001104659-25-060328.json - Plain text: https://secwatch.observer/filing/0001104659-25-060328.txt ## Key facts - Debt Financings 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1692412/000110465925060328/0001104659-25-060328-index.htm - Executive change Felicity Black-Roberts was appointed as Director at Playa Hotels & Resorts N.V.. - Action: appointed - Role: Director source text: Noah Hoppe, James Franque and Felicity Black-Roberts were appointed as directors of Playa evidence_url: https://www.sec.gov/Archives/edgar/data/1692412/000110465925060328/0001104659-25-060328-index.htm - Executive change Bruce D. Wardinski departed as other_named_officer at Playa Hotels & Resorts N.V.. - Action: ceased to be executive officer source text: Bruce D. Wardinski, Ryan Hymel and Tracy M.J. Colden each ceased to be executive officers of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1692412/000110465925060328/0001104659-25-060328-index.htm - Executive change Tracy M.J. Colden departed as other_named_officer at Playa Hotels & Resorts N.V.. - Action: ceased to be executive officer source text: Bruce D. Wardinski, Ryan Hymel and Tracy M.J. Colden each ceased to be executive officers of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1692412/000110465925060328/0001104659-25-060328-index.htm - Executive change Ryan Hymel departed as other_named_officer at Playa Hotels & Resorts N.V.. - Action: ceased to be executive officer source text: Bruce D. Wardinski, Ryan Hymel and Tracy M.J. Colden each ceased to be executive officers of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1692412/000110465925060328/0001104659-25-060328-index.htm - Executive change James Franque was appointed as Director at Playa Hotels & Resorts N.V.. - Action: appointed - Role: Director source text: Noah Hoppe, James Franque and Felicity Black-Roberts were appointed as directors of Playa evidence_url: https://www.sec.gov/Archives/edgar/data/1692412/000110465925060328/0001104659-25-060328-index.htm - Executive change Noah Hoppe was appointed as Director at Playa Hotels & Resorts N.V.. - Action: appointed - Role: Director source text: Noah Hoppe, James Franque and Felicity Black-Roberts were appointed as directors of Playa evidence_url: https://www.sec.gov/Archives/edgar/data/1692412/000110465925060328/0001104659-25-060328-index.htm - M&A Transactions 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1692412/000110465925060328/0001104659-25-060328-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.