8-K - Vail Resorts, Inc. | StockGist

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On February 9, 2026, Vail Holdings, Inc., a wholly-owned subsidiary of Vail Resorts, Inc., entered into the Tenth Amended and Restated Credit Agreement, replacing the existing term loan facility ($885,937,500 outstanding) and $275,000,000 delayed draw term loan facility with a new $1,275,000,000 senior term loan facility, extending maturities, and reducing interest rates.

Key Takeaways

1Entered Tenth A&R Credit Agreement on February 9, 2026

2Replaced existing term loans totaling $1,160,937,500 with new $1,275,000,000 senior term loan facility

3Extended maturity of revolver and term loans to earliest of five years from closing or 90 days prior to 5.625% senior notes due 2030

4Reduced interest rates by modifying leverage-based pricing grid and removing 0.10% credit spread adjustment

5Parties include Vail Holdings, Inc. as borrower, Bank of America, N.A. as administrative agent, and certain lenders

6Exhibit 10.1 filed with CUSIP numbers 91879UAM2 (deal), 91879UAN0 (revolver), 91879UAP5 (term)

Current Report Details

Event Type

Material Agreement

Financing

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

. Entry into a Material Definitive Agreement. On February 9, 2026, Vail Holdings, Inc., a Colorado corporation ( “VHI”) and a wholly-owned subsidiary of Vail Re

Material Agreement

$885.9M$275.0M$1.27B

Source Document

2.03

. Creation of a Direct Financial Obligation. The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference. I

Financing

Transaction Details

Material Agreement

Agreement: Tenth Amended and Restated Credit Agreement
Parties: Vail Holdings, Inc. (Borrower), Vail Resorts, Inc. (Guarantor), certain subsidiaries of VHI (Guarantors), Bank of America, N.A. (Administrative Agent), certain Lenders

•Replaces existing term loan facility ($885,937,500 outstanding) and $275,000,000 delayed draw term loan with new $1,275,000,000 senior term loan facility
•Extends maturity date of revolver and term loan facilities to earlier of five years from closing date or date 90 days prior to maturity of 5.625% senior notes due 2030
•Reduces interest rate by modifying leverage-based pricing grid and removing 0.10% credit spread adjustment for Term Reference Rate Loans and Daily SOFR Rate Loans

Debt / Financing

Instrument: Senior Term Loan Facility and Revolver
Principal: 1275000000
Maturity: Earlier of five years from February 9, 2026 or 90 days prior to maturity of 5.625% senior notes due 2030

Exhibits (2)

10.1

EX-10.1 TENTH A&R VHI CREDIT AGREEMENT

8-K