---
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"
generated_at: "2026-05-17T06:22:17.294489+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Park Hotels recasts credit facilities to $2B, adds $800M delayed draw term loan

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001617406-25-000048
- JSON: https://secwatch.observer/filing/0001617406-25-000048.json
- Plain text: https://secwatch.observer/filing/0001617406-25-000048.txt

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