Company: DRH-PA
Filing Date: 2025-07-23
Form Type: 8-K
Source: 0001104659-25-069789
Chunk: 0

Company: DiamondRock Hospitality Co
Filing Date: 2025-07-23
Form: 8-K
Item: Item 1.01
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ITEM 1.01 Entry into a Material Definitive Agreement.

On July 22, 2025, DiamondRock Hospitality Company (the “ Company”),
as parent guarantor, DiamondRock Hospitality Limited Partnership, as borrower, and certain subsidiaries of the Company, as guarantors,
entered into the Seventh Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and
certain other lenders named therein (as amended, the “ Credit Facility”). The Credit Facility increased the capacity of the
Company’s existing credit facility (the “ Prior Facility”) from $1.2 billion to $1.5 billion and extended the Company’s
maturity schedule. The Credit Facility provides for a $400.0 million revolving credit facility (the “ Revolving Credit Facility”)
and three term loan facilities in the aggregate principal amount of $1.1 billion. Wells Fargo Securities, LLC, BofA Securities, Inc.,
U. S. Bank National Association and TD Bank, N. A. are joint lead arrangers and joint bookrunners of the Credit Facility. KeyBanc Capital
Markets, Inc., Regions Capital Markets, a Division of Regions Bank, PNC Capital Markets LLC, Capital One, National Association, BMO Capital
Markets Corp., The Huntington National Bank and Truist Securities, Inc. are joint lead arrangers of certain loans under the Credit Facility.
The Huntington National Bank and Truist Securities, Inc. are joint bookrunners of a loan under the Credit Facility. Bank of America, N. A.,
U. S. Bank National Association and TD Bank, N. A. are syndication agents. The Huntington National Bank and Truist Securities, Inc. are
syndication agents of a loan under the Credit Facility. KeyBank National Association, Regions Bank, PNC Bank, National Association, BMO
Harris Bank, N. A. and Capital One, National Association are documentation agents and Wells Fargo Bank, National Association and PNC Bank,
National Association are sustainability structuring agents.

The Revolving Credit Facility matures on January 21, 2030. The Company may extend the maturity date of the Revolving Credit Facility for
two additional six-month periods upon the payment of applicable fees and satisfaction of certain standard conditions. The Company also
has the right to increase the aggregate capacity of the Credit Facility to $1.8 billion upon the satisfaction of certain standard conditions.

The term loan facilities consist of a $500.0