Hyatt hotels suspends quarterly dividend program through q1 of 2021

Hyatt hotels says on april 21, entered into second amendment to second amended and restated credit agreement dated jan 6, 2014 - sec filing.hyatt - amendment relieves co's compliance with certain covenants under agreement by suspending testing of leverage ratio covenant until april 1, 2021.hyatt hotels corp - $1.5 billion aggregate commitment amount under revolving credit facility remains unchanged.hyatt hotels corp - as of april 21, 2020, $350 million of borrowings were outstanding under revolving credit agreement.hyatt hotels corp - on april 21, entered into a bridge facility credit agreement.hyatt hotels corp - bridge credit agreement provides for a 364-day $500 million senior secured delayed draw term loan bridge facility.hyatt hotels corp - as of april 21, 2020, there are no borrowings outstanding under bridge facility.hyatt hotels corp - discontinued all share repurchase activity under its share repurchase program effective march 3, 2020.hyatt hotels corp - has suspended its quarterly dividend program through q1 of 2021.hyatt hotels, under risk factors, says covid-19 pandemic expected to continue to have material adverse impact on travel industry generally.hyatt hotels corp - beginning in march 2020, we began to experience significant decreases in demand and system-wide revpar.hyatt hotels, under risk factors, says even after covid-19 pandemic subsides, co could experience a longer-term impact on its costs.
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