Wells Fargo Agents Hyatt Extended Revolver
Hyatt Hotels announced that it entered into a second amended and restated credit agreement with a syndicate of lenders that provides for a $1.5 billion senior unsecured revolving credit facility that matures in January 2019. This restates its existing $1.5 billion facility which had been scheduled to mature in September 2016.
According to an 8-K dated January 6, 2014, Wells Fargo Bank acted as administrative agent, Bank of America acted as syndication agent; Wells Fargo Securities; Merrill Lynch, Pierce, Fenner & Smith; J.P. Morgan Securities and Deutsche Bank Securities acted as joint bookrunners and co-lead arrangers, and JPMorgan Chase Bank, Deutsche Bank Securities and SunTrust Bank acted as co-documentation agents.
Chicago-headquartered Hyatt Hotels Corp. is a global hospitality company.