Park Hotels & Resorts Files 8-K
Ticker: PK · Form: 8-K · Filed: May 2, 2024 · CIK: 1617406
Sentiment: neutral
Topics: corporate-filing, 8-K, company-information
Related Tickers: PK
TL;DR
PHR filed an 8-K on 5/2/24, mostly corporate housekeeping.
AI Summary
Park Hotels & Resorts Inc. filed an 8-K on May 2, 2024, reporting other events and financial statements. The filing details the company's corporate structure and its previous name change from Hilton Worldwide, Inc. on August 20, 2014.
Why It Matters
This 8-K filing provides an update on Park Hotels & Resorts Inc.'s corporate information and historical changes, which is relevant for investors tracking the company's official disclosures.
Risk Assessment
Risk Level: low — This filing is primarily administrative and does not appear to contain significant new financial or operational risks.
Key Players & Entities
- Park Hotels & Resorts Inc. (company) — Registrant
- Hilton Worldwide, Inc. (company) — Former company name
- May 2, 2024 (date) — Date of report
- August 20, 2014 (date) — Date of name change
FAQ
What is the primary purpose of this 8-K filing for Park Hotels & Resorts Inc.?
The primary purpose of this 8-K filing is to report 'Other Events' and 'Financial Statements and Exhibits' as of May 2, 2024.
When was Park Hotels & Resorts Inc. previously known by another name?
Park Hotels & Resorts Inc. was formerly known as Hilton Worldwide, Inc., with a date of name change on August 20, 2014.
What is the state of incorporation for Park Hotels & Resorts Inc.?
Park Hotels & Resorts Inc. is incorporated in Delaware.
What is the IRS Employer Identification Number for Park Hotels & Resorts Inc.?
The IRS Employer Identification Number for Park Hotels & Resorts Inc. is 36-2058176.
What is the business address of Park Hotels & Resorts Inc.?
The business address of Park Hotels & Resorts Inc. is 1775 Tysons Blvd., 7th Floor, Tysons, VA 22102.
Filing Stats: 544 words · 2 min read · ~2 pages · Grade level 9.2 · Accepted 2024-05-02 09:08:04
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share PK New York Stock E
- $450 million — rs") had launched a private offering of $450 million in aggregate principal amount of senior
- $650 million — er for any and all of their outstanding $650 million aggregate principal amount of 7.500% se
Filing Documents
- pk-20240502.htm (8-K) — 32KB
- exhibit991pressrelease-lau.htm (EX-99.1) — 10KB
- exhibit992pressrelease-com.htm (EX-99.2) — 22KB
- parklogo.jpg (GRAPHIC) — 30KB
- parklogob.jpg (GRAPHIC) — 30KB
- 0001617406-24-000045.txt ( ) — 281KB
- pk-20240502.xsd (EX-101.SCH) — 2KB
- pk-20240502_lab.xml (EX-101.LAB) — 22KB
- pk-20240502_pre.xml (EX-101.PRE) — 13KB
- pk-20240502_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. O n May 2, 2024, Park Hotels & Resorts Inc. (the "Company") issued a press release announcing that its subsidiaries, Park Intermediate Holdings LLC, PK Domestic Property LLC and PK Finance Co-Issuer Inc. (collectively, the "Issuers") had launched a private offering of $450 million in aggregate principal amount of senior notes due 2030. Additionally, on May 2, 2024, the Company issued a press release announcing that the Issuers had commenced a concurrent cash tender offer for any and all of their outstanding $650 million aggregate principal amount of 7.500% senior notes due 2025. Copies of th e press releases are filed as Exhibits 99.1 and 99.2 to this Current Report on Form 8-K.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press release dated May 2 , 2024 relating to the Issuers' offering of senior notes. 99.2 Press release dated May 2, 2024 relating to the Issuers' tender offer. 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 thereunto duly authorized. Park Hotels & Resorts Inc. Date: May 2, 2024 By: /s/ Sean M. Dell'Orto Sean M. Dell'Orto Executive Vice President, Chief Financial Officer and Treasurer