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PLAYA HOTELS & RESORTS N.V. : Other Events, Financial Statements and Exhibits (form 8-K)

11/10/2021 | 04:36pm EST

Item 8.01 Other Events.

On November 8, 2021, in connection with the underwritten secondary offering of 8,352,553 ordinary shares, €0.10 par value (the "Shares"), of Playa Hotels & Resorts N.V. (the "Company") by certain funds affiliated with Farallon Capital Management, L.L.C. (collectively, the "Selling Shareholders"), the Company entered into an underwriting agreement (the "Underwriting Agreement") by and among the Company, the Selling Shareholders and BofA Securities, Inc., as underwriter. The offering is expected to close on November 12, 2021, subject to customary closing conditions.

Subject to the terms and conditions stated in the Underwriting Agreement, the underwriter agreed to purchase the Shares at a price of $8.12 per share. The Underwriting Agreement contains customary representations and warranties of the parties, and indemnification and contribution provisions under which the Company and the Selling Shareholders have agreed to indemnify the underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as amended. The Company will not receive any proceeds from the sale of the Shares by the Selling Shareholders.

The above description of the Underwriting Agreement does not purport to be a complete summary of and is qualified in its entirety by reference to the Underwriting Agreement, a copy of which is filed as Exhibit 1.1 hereto and is incorporated herein by reference.


Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

  No.       Description

1.1           Underwriting Agreement dated November 8, 2021 by and among Playa
            Hotels & Resorts N.V., Cabana Investors B.V., Playa Four Pack, L.L.C.
            and BofA Securities, Inc.

104         Cover Page Interactive Data File - the cover page XBRL tags are
            embedded within the Inline XBRL Document


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