VAIL RESORTS INC : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet…

Item 1.01. Entry into a Material Definitive Agreement.

On August 31, 2022, Vail Holdings, Inc., a Colorado corporation (the "Borrower")and a wholly-owned subsidiary of Vail Resorts, Inc. (the "Company"), a Delawarecorporation, certain subsidiaries of the Company, as guarantors, Bank ofAmerica, N.A., as administrative agent, and certain Lenders entered into a FifthAmendment (the "Fifth Amendment") to the Eighth Amended and Restated CreditAgreement, dated as of August 15, 2018 (as so amended, and as previouslyamended, the "Credit Agreement").

The Fifth Amendment, among other things, (i) extends the maturity date of theCredit Agreement to September 23, 2026, and (ii) replaces the benchmark rateunder the Credit Agreement from LIBOR to SOFR (the secured overnight financingrate as administered by the Federal Reserve Bank of New York) as the applicablereference interest rate for the Credit Agreement.

The description above is only a summary of the Fifth Amendment and the CreditAgreement and is qualified in its entirety by reference to the Fifth Amendment,a copy of which will be filed in accordance with the rules of the Securities andExchange Commission.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under anOff-Balance Sheet Arrangement of the Registrant.

The information set forth above in Item 1.01 is incorporated by reference inthis Item 2.03.

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VAIL RESORTS INC : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet...