SEC Contract Filing

Filing Date: 2024-05-28

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ef20029982_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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 <div style="text-align: right;"> <font style="font-weight: bold; font-size: 10pt;">Exhibit 10.1</font></div>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">FIFTH AMENDMENT TO CREDIT AGREEMENT</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">Fifth Amendment, dated as of May 24, 2024 (this &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Amendment</font>&#8221;), to the Credit
 Agreement, dated as of May 30, 2018, among WYNDHAM HOTELS &amp; RESORTS, INC., a Delaware corporation (the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Borrower</font>&#8221;), the several lenders and letter of credit issuers from time
 to time party thereto (collectively, the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Lenders</font>&#8221;), BANK OF AMERICA, N.A., as Administrative Agent, and the other parties thereto (as amended by the First Amendment, dated as of
 April 30, 2020, as further amended by the Second Amendment, dated as of August 10, 2020, as further amended by the Third Amendment dated as of April 8, 2022, as further amended by the Fourth Amendment dated as of May 25, 2023 and as heretofore and as
 may hereafter be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Credit Agreement</font>&#8221;).&#160; Capitalized terms used herein and not
 otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement.</div>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">RECITALS:</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">On the date hereof, there are outstanding Term B Loans under the Credit Agreement in an aggregate principal amount of $1,135,420,000 (the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Existing Term B Loans</font>&#8221;).</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">Pursuant to Section 2.14 of the Credit Agreement, the Borrower has requested that (i) the 2024 Term B Loan Lenders listed on the New Refinancing Term
 B Loan Commitment Schedule (as defined below) provide new Refinancing Term Loans under the Credit Agreement and (ii) certain lenders who are currently Lenders with respect to Existing Term B Loans under the Credit Agreement (each, a &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Converting Lender</font>&#8221;), convert all of their outstanding Existing Term B Loans into new Refinancing Term Loans (each such new Refinancing Term Loan, a &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Converting Term B Loan</font>&#8221;) in the same aggregate principal amount as such Converting Lender&#8217;s Existing Term B Loan (or such lesser amount as specified by the Administrative Agent) simultaneously with the making
 of other new Refinancing Term Loans hereunder (such Refinancing Term Loans and Converting Term B Loans, collectively the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">2024 Term B Loans</font>&#8221; and each Lender that holds a 2024
 Term B Loan, a &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">2024 Term B Lender</font>&#8221; and, collectively, the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">2024 Term B Lenders</font>&#8221;) in an aggregate
 principal amount of $1,535,420,000.</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">The Borrower has appointed Wells Fargo, Deutsche Bank, JPMorgan, Barclays, BofA, U.S. Bank, ScotiaBank, Truist, Capital One, Fifth Third, HSBC and
 Santander as 2024 Term B Facility Arrangers in respect of the 2024 Term B Loans.</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">Therefore,<font style="font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>in consideration of the premises and agreements, provisions and
 covenants herein contained, the parties hereto agree as follows:</div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Section 1.</font><font style="font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman';"><f