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Vail Resorts amends credit agreement to remove board composition change of control provision
MTNVail Resorts Inc
On October 16, 2026, Vail Holdings, Inc., a wholly-owned subsidiary of Vail Resorts, entered into the First Amendment to its Tenth Amended and Restated Credit Agreement with Bank of America, N.A. The amendment modifies the definition of Change of Control Transaction by eliminating the provision that triggered such an event based on changes in the composition of a majority of the Company’s Board of Directors within any twelve-month period. Other provisions regarding acquisition of beneficial ownership remain unchanged. Additionally, the amendment removes the requirement for administrative agent approval of financial hedges under Section 10.8(i). Vail Resorts operates a global portfolio of ski resorts and mountain destinations.