Hilton Worldwide Holdings Inc. Files 8-K for Material Definitive Agreement

Ticker: HLT · Form: 8-K · Filed: 2024-09-09T00:00:00.000Z

Sentiment: neutral

Topics: material-definitive-agreement, financial-obligation

TL;DR

Hilton just signed a big deal, new financial obligation incoming.

AI Summary

On September 5, 2024, Hilton Worldwide Holdings Inc. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Delaware with its principal executive offices in McLean, Virginia, filed this 8-K report on September 9, 2024, detailing the event.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Hilton Worldwide Holdings Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements and new financial obligations can introduce financial risks and alter a company's capital structure.

Key Numbers

Key Players & Entities

FAQ

What specific type of material definitive agreement was entered into by Hilton Worldwide Holdings Inc. on September 5, 2024?

The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this excerpt.

What is the primary business of Hilton Worldwide Holdings Inc. according to the filing?

The filing lists the Standard Industrial Classification as 'HOTELS & MOTELS [7011]'.

When was this 8-K form filed with the SEC?

The 8-K form was filed on September 9, 2024.

Where are Hilton Worldwide Holdings Inc.'s principal executive offices located?

The principal executive offices are located at 7930 Jones Branch Drive, Suite 1100, McLean, Virginia 22102.

What is the company's fiscal year end?

The company's fiscal year ends on December 31.

From the Filing

0001193125-24-215940.txt : 20240909 0001193125-24-215940.hdr.sgml : 20240909 20240909163354 ACCESSION NUMBER: 0001193125-24-215940 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240905 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240909 DATE AS OF CHANGE: 20240909 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hilton Worldwide Holdings Inc. CENTRAL INDEX KEY: 0001585689 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 274384691 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36243 FILM NUMBER: 241287653 BUSINESS ADDRESS: STREET 1: 7930 JONES BRANCH DRIVE, SUITE 1100 CITY: MCLEAN STATE: VA ZIP: 22102 BUSINESS PHONE: 703-883-1000 MAIL ADDRESS: STREET 1: 7930 JONES BRANCH DRIVE, SUITE 1100 CITY: MCLEAN STATE: VA ZIP: 22102 8-K 1 d880422d8k.htm 8-K 8-K false 0001585689 0001585689 2024-09-05 2024-09-05     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): September 5, 2024     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. Indenture with respect to 5.875% Senior Notes due 2033 On September 9, 2024, Hilton Domestic Operating Company Inc. (the “Issuer”), an indirect subsidiary of Hilton Worldwide Holdings Inc. (the “Company”), issued and sold $1 billion aggregate principal amount of 5.875% Senior Notes due 2033 (the “Notes”) under an Indenture, dated as of September 9, 20

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