04:36 PM EDT, 09/17/2025 (MT Newswires) -- Park Hotels & Resorts ( PK ) said Wednesday it has amended and restated its credit agreement to increase capacity under a senior secured revolving credit facility to $1 billion from $950 million.

The company said it extended the maturity of the revolving facility to Sept. 17, 2029, and added a new senior unsecured delayed draw term loan of up to $800 million.

The credit agreement also includes a $200 million senior unsecured term loan incurred in May 2024, bringing the total capacity under the credit facilities to $2 billion, Park Hotels said.