Choice Hotels Files 8-K: Material Agreement & Financial Obligations
Ticker: CHH · Form: 8-K · Filed: Jun 28, 2024 · CIK: 1046311
| Field | Detail |
|---|---|
| Company | Choice Hotels International INC /De (CHH) |
| Form Type | 8-K |
| Filed Date | Jun 28, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $1 billion, $850 million, $50 million, $10 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, 8-k
Related Tickers: CHH
TL;DR
CHOICE files 8-K: new material agreement and financial obligations reported.
AI Summary
On June 28, 2024, Choice Hotels International, Inc. entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The report includes financial statements and exhibits.
Why It Matters
This filing signals a significant new agreement and potential financial commitments for Choice Hotels, which could impact its future operations and financial health.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and financial obligations, which inherently carry some level of risk and require further investigation into the specifics of the agreement.
Key Players & Entities
- CHOICE HOTELS INTERNATIONAL, INC. (company) — Registrant
- June 28, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Choice Hotels?
The filing does not specify the details of the material definitive agreement, only that one was entered into on June 28, 2024.
What type of financial obligation has been created?
The filing states the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' but does not provide specific details.
What is the purpose of filing this 8-K report?
This 8-K is a current report filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, reporting on the entry into a material definitive agreement and the creation of financial obligations.
When was Choice Hotels International, Inc. incorporated?
Choice Hotels International, Inc. was incorporated in Delaware.
What is the Commission File Number for Choice Hotels International, Inc.?
The Commission File Number for Choice Hotels International, Inc. is 001-13393.
Filing Stats: 1,328 words · 5 min read · ~4 pages · Grade level 13 · Accepted 2024-06-28 16:17:04
Key Financial Figures
- $0.01 — ich Registered Common Stock, Par Value $0.01 per share CHH New York Stock Exchan
- $1 billion — tem 2.03 below for a description of the $1 billion second amended and restated senior unse
- $850 million — Former Credit Agreement provided for an $850 million unsecured revolving credit facility (th
- $50 million — edit Agreement also provides that up to $50 million of borrowings under the Revolver may be
- $10 million — d for alternative currency loans, up to $10 million of capacity under the Revolver may be u
- $25 million — issuance of letters of credit and up to $25 million of borrowings under the Revolver may be
- $500 million — Credit Agreement by up to an additional $500 million in the aggregate to the extent that any
Filing Documents
- d860049d8k.htm (8-K) — 32KB
- d860049dex101.htm (EX-10.1) — 885KB
- 0001193125-24-172279.txt ( ) — 1242KB
- chh-20240628.xsd (EX-101.SCH) — 3KB
- chh-20240628_lab.xml (EX-101.LAB) — 18KB
- chh-20240628_pre.xml (EX-101.PRE) — 11KB
- d860049d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 10.1 Second Amended and Restated Senior Unsecured Credit Agreement, dated June 28, 2024, among Choice Hotels International, Inc., Wells Fargo Bank, National Association, as administrative agent, the other agents party thereto and a syndicate of lenders 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES 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. Date: June 28, 2024 /s/ Scott E. Oaksmith Scott E. Oaksmith Chief Financial Officer