{"schema_version":"secwatch.filing_event.v1","accession":"0001617406-25-000048","form_type":"8-K","ticker":"PK","cik":"0001617406","company_name":"Park Hotels & Resorts Inc.","filed_at":"2025-09-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.491755+00:00","generated_at":"2026-05-17T06:22:17.294489+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Park Hotels recasts credit facilities to $2B, adds $800M delayed draw term loan","bullets":["Total capacity increased to $2B: $1B revolver (extended to Sep 2029), $200M 2024 term loan, and $800M delayed draw term loan.","Revolving facility upsized from $950M to $1B, maturity extended from Dec 2026 to Sep 2029; includes extension options.","2025 Term Facility of $800M available for up to 3 draws within one year, matures Jan 2030; tick fee 0.25% on undrawn portion.","Park intends to draw in 2026 to repay $123M Hyatt Regency Boston loan and, with planned financing, $1.275B Hilton Hawaiian Village loan.","Interest rate at SOFR plus margin based on leverage ratio; financial covenants include max leverage 7.25x and fixed charge cover 1.50x."],"urls":{"canonical":"https://secwatch.observer/filing/0001617406-25-000048","json":"https://secwatch.observer/filing/0001617406-25-000048.json","markdown":"https://secwatch.observer/filing/0001617406-25-000048.md","text":"https://secwatch.observer/filing/0001617406-25-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1617406/000161740625000048/0001617406-25-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1617406/000161740625000048/pk-20250917.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:22:17.294489+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}