Hilton amends and extends revolving credit facility

Rhea-AI Filing Summary

Hilton Worldwide Holdings Inc. amended its long-standing credit agreement through its subsidiary Hilton Domestic Operating Company Inc. The senior secured revolving credit facility’s maturity now extends to the earlier of five years after March 18, 2026 or 91 days before the existing term loans mature.

The facility’s interest will be based on either a base rate or SOFR, with margins starting at 0.00% for base rate loans and 1.00% for SOFR-based loans at lower leverage, increasing in 0.25% steps as first lien net leverage rises. The letter of credit sublimit doubles from $250,000,000 to $500,000,000, and the same-day swingline borrowing sublimit increases from $100,000,000 to $200,000,000, while other key terms remain substantially unchanged.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Hilton (HLT) change in its revolving credit facility on March 18, 2026?

Hilton extended the maturity of its senior secured revolving credit facility and adjusted pricing tiers tied to its first lien net leverage ratio. It also increased the letter of credit and same-day swingline borrowing sublimits while keeping other terms largely the same.

How did Hilton (HLT) change the interest rates on its revolving credit facility?

The facility now bears interest at a margin over either a base rate or various SOFR-based rates. Margins start at 0.00% for base rate loans and 1.00% for SOFR loans, stepping up by 0.25% increments as first lien net leverage ratio thresholds are exceeded.

By how much did Hilton (HLT) increase its letter of credit sublimit?

Hilton increased the letter of credit sublimit under its revolving credit facility from $250,000,000 to $500,000,000. This expansion provides more capacity for letters of credit within the existing secured credit framework without changing the core structure of the agreement.

What change did Hilton (HLT) make to its swingline borrowing capacity?

Hilton raised the same day swingline borrowing sublimit from $100,000,000 to $200,000,000. Swingline borrowings are short-term draws under the revolving facility, and this increase enhances immediate liquidity available within the established credit structure.

What is the new maturity structure for Hilton’s (HLT) revolving credit facility?

After the amendment, the revolving credit facility matures on the earlier of five years after March 18, 2026 or 91 days before the stated maturity of the borrower’s existing term loans. This links the facility’s duration to the broader term loan profile.

Do existing lenders maintain relationships with Hilton (HLT) after the credit amendment?

Lenders and their affiliates involved in the credit agreement have previously provided investment banking, advisory, and other commercial services to Hilton and its affiliates. They have received, and may continue to receive, customary fees and commissions for these ongoing business relationships.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 04:15 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 18, 2026

Hilton Worldwide Holdings Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware		001-36243		27-4384691
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

7930 Jones Branch Drive, Suite 1100, McLean, Virginia 22102

(Address of Principal Executive Offices) (Zip Code)

(703) 883-1000

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.01 par value per share		HLT		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

Credit Agreement Amendment

On March 18, 2026 (the “Amendment Effective Date”), Hilton Domestic Operating Company Inc. (the “Borrower”), an indirect subsidiary of Hilton Worldwide Holdings Inc. (the “Company”), entered into Amendment No. 12 (the “Amendment”) to the Credit Agreement dated as of October 25, 2013 (as amended, the “Credit Agreement”).

After giving effect to the Amendment, (i) the maturity date of the senior secured revolving credit facility (the “Revolving Credit Facility”) under the Credit Agreement will be extended to the earlier of (x) five years following the Amendment Effective Date and (y) the date that is 91 days prior to the stated maturity of the Borrower’s existing term loans, (ii) the Revolving Credit Facility will bear interest, at the Borrower’s option, at a per annum rate equal to a margin over either (x) a base rate determined by reference to the highest of (1) the administrative agent’s prime lending rate, (2) the federal funds effective rate plus 0.50% and (3) the term SOFR rate for a one-month interest tenor plus 1.00%, (y) a daily simple SOFR rate determined by reference to the SOFR rate published by the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate) or (z) a term SOFR rate determined by reference to the SOFR rate published by CME Group Benchmark Administration Limited for the interest period relevant to such borrowing, in each case, plus a margin of (I) in the case of base rate loans, 0.00% per annum and (II) in the case of SOFR rate loans and daily simple SOFR loans, 1.00% per annum when first lien net leverage ratio is less than or equal to 1.50 to 1.00, subject to a step-up of 0.25% per annum in the event the first lien net leverage ratio exceeds 1.50 to 1.00 but is less than or equal to 2.50 to 1.00, subject to an additional step-up of 0.25% per annum in the event the first lien net leverage ratio exceeds 2.50 to 1.00 but is less than or equal to 3.50 to 1.00 and subject to an additional step-up of 0.25% per annum in the event the first lien net leverage ratio exceeds 3.50 to 1.00, (iii) the letter of credit sublimit will be increased from $250,000,000 to $500,000,000 and (iv) the same day swingline borrowing sublimit will be increased from $100,000,000 to $200,000,000.

All other terms of the Revolving Credit Facility and the Credit Agreement will remain substantially the same except as otherwise amended by the Amendment.

Certain of the participants in the Credit Agreement and their respective affiliates have engaged in, and may in the future engage in, investment banking, advisory roles and other commercial dealings in the ordinary course of business with the Company and/or its affiliates. They have received, or may in the future receive, customary fees and commissions for these transactions.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of such document, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.		Description
10.1		Amendment No. 12, dated as of March 18, 2026, to the Credit Agreement, dated as of October 25, 2013 (as amended by Amendment No. 1 to the Credit Agreement dated as of August 18, 2016, as further amended by Amendment No. 2 to the Credit Agreement dated as of November 21, 2016, as further amended by Amendment No. 3 to the Credit Agreement dated as of March 16, 2017, as further amended by Amendment No. 4 to the Credit Agreement dated as of April 19, 2018, as further amended by Amendment No. 5 to the Credit Agreement dated as of June 5, 2019, as further amended by Amendment No. 6 to the Credit Agreement dated as of June 21, 2019, as further amended by Amendment No. 7 to the Credit Agreement dated as of October 21, 2021, as further amended by Amendment No. 8 to the Credit Agreement dated as of December 9, 2022, as further amended by Amendment No. 9 to the Credit Agreement dated as of January 5, 2023, as further amended by Amendment No. 10, dated as of November 8, 2023, and as further amended by Amendment No. 11, dated as of June 14, 2024), by and among Hilton Worldwide Holdings Inc., Hilton Worldwide Parent LLC, Hilton Domestic Operating Company, Inc., the other guarantors party thereto from time to time, Deutsche Bank AG New York Branch as administrative agent and the other lenders party thereto from time to time.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

HILTON WORLDWIDE HOLDINGS INC.
By:		/s/ Kevin J. Jacobs
Name:		Kevin J. Jacobs
Title:		Executive Vice President and Chief Financial Officer

Date: March 18, 2026

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EX-10.1 1.4 MB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 17.6 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.0 KB