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 and Exchange Act of 1934
Date of Report (Date of earliest event reported): September 30, 2014
Starwood Hotels & Resorts Worldwide, Inc.
(Exact name of registrant as specified in its charter)
| | | | |
| Maryland | | 1-7959 | | 52-1193298 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| | |
| One StarPoint, Stamford, Connecticut | | | | 06902 |
| (Address of Principal Executive Offices) | | | | (Zip Code) |
Registrant’s telephone number, including area code: (203) 964-6000
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)) |
| Item 1.01. | Entry into a Material Definitive Agreement. |
On September 30, 2014, Starwood Hotels & Resorts Worldwide, Inc. (the “Company”), certain of its subsidiaries, as borrowers, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders and other persons party thereto entered into the fourth amendment (the “Fourth Amendment”) to the Credit Agreement governing the Company’s $1.75 billion revolving credit facility (the “Credit Facility”). The Fourth Amendment extends the maturity of the Credit Facility two years, from February 28, 2018 to February 28, 2020. The Credit Facility enhances the Company’s financial flexibility and is expected to be used for general corporate purposes. The availability of the Credit Facility also supports the Company’s commercial paper program.
The foregoing description of the Fourth Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Fourth Amendment, which is filed herewith as exhibit 10.1 and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits |
| | |
Number | | Exhibit |
| |
| 10.1 | | Fourth Amendment to Credit Agreement, dated as of September 30, 2014, by and among the Company, certain of its subsidiaries, as borrowers, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders and other persons party thereto. |
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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 hereunto duly authorized.
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| | STARWOOD HOTELS & RESORTS WORLDWIDE, INC. |
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| By: | | /s/ Kristen Prohl |
| Name: | | Kristen Prohl |
| Title: | | Vice President, Chief Regulatory Counsel |
Date: October 2, 2014
INDEX TO EXHIBITS
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Number | | Exhibit |
| |
| 10.1 | | Fourth Amendment to Credit Agreement, dated as of September 30, 2014, by and among the Company, certain of its subsidiaries, as borrowers, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders and other persons party thereto. |
