Vail Resorts Removes Board Change Trigger From Credit Agreement's Change-of-Control Terms
Bitget2026/10/19 20:23- Vail Resorts subsidiary Vail Holdings entered into the First Amendment to its credit agreement on Oct. 16, 2026.
- The Feb. 9, 2026, Tenth Amended and Restated Credit Agreement names Bank of America as administrative agent.
- The amendment removes certain changes in majority board composition over 12 consecutive months as a Change of Control Transaction trigger.
- Two other change-of-control provisions covering beneficial ownership of, or control over, voting equity securities remain unchanged.
- Financial Hedges no longer require administrative agent approval.
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