Vail Resorts removes board change trigger from credit agreement's change-of-control terms
MTN•MTN•MTN•MTN•Vail Resorts subsidiary Vail Holdings amended its credit agreement on Oct. 16, removing certain changes in majority board composition over 12 consecutive months as a change-of-control trigger. Two voting-equity provisions remain unchanged, and Financial Hedges no longer require administrative agent approval.
Vail Holdings entered into an amendment to its Tenth Amended and Restated Credit Agreement on Oct. 16, 2026. The 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 provisions covering beneficial ownership of, or control over, voting equity securities remain unchanged, and Financial Hedges no longer require administrative agent approval.
