FIRSTSUPPLEMENTAL INDENTURE

EX-4.2 4 d593452dex42.htm EX-4.2 EX-4.2

Exhibit 4.2

EXECUTION VERSION

FIRST SUPPLEMENTAL INDENTURE

Supplemental Indenture (this “Supplemental Indenture”), dated as of October 25, 2013, among each of the entities listed in Schedule I hereto (the “Guaranteeing Subsidiaries”), each a subsidiary of Hilton Worldwide Finance LLC, a Delaware limited liability company (the “Issuer”), and Wilmington Trust, National Association, a national banking association, as trustee (the “Trustee”).

W I T N E S S E T H

WHEREAS, the Issuer, Hilton Worldwide Finance Corp., a Delaware corporation (together with the Issuer, the “Issuers”), and Hilton Worldwide Holdings Inc., a Delaware corporation, have heretofore executed and delivered to the Trustee an Indenture (the “Indenture”), dated as of October 4, 2013, providing for the issuance of an unlimited aggregate principal amount of 5.625% Senior Notes due 2021 (the “Notes”);

WHEREAS, the Indenture provides that under certain circumstances each Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which such Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuers’ Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture (the “Guarantee”); and

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

(1) Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

(2) Agreement to Guarantee. Each Guaranteeing Subsidiary acknowledges that it has received and reviewed a copy of the Indenture and all other documents it deems necessary to review in order to enter into this Supplemental Indenture, and acknowledges and agrees to (i) join and become a party to the Indenture as indicated by its signature below; (ii) be bound by the Indenture, as of the date hereof, as if made by, and with respect to, such Guaranteeing Subsidiary; and (iii) perform all obligations and duties required of a Guarantor pursuant to the Indenture. Each Guaranteeing Subsidiary hereby agrees to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Indenture, including, but not limited to, Article 10 thereof.

(3) Execution and Delivery. Each Guaranteeing Subsidiary agrees that the Guarantee shall remain in full force and effect notwithstanding the absence of the endorsement of any notation of such Guarantee on the Notes.

(4) No Recourse Against Others. No past, present or future director, officer, employee, incorporator, member, partner or stockholder of the Issuers or any Guaranteeing Subsidiary shall have any liability for any obligations of the Issuers or the Guarantors (including such Guaranteeing Subsidiary) under the Notes, any Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting Notes waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

(5) Governing Law. THIS SUPPLEMENTAL INDENTURE, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS SUPPLEMENTAL INDENTURE, WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.


(6) Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. This Supplemental Indenture may be executed in multiple counterparts which, when taken together, shall constitute one instrument. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmissions shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

(7) Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof.

(8) The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by each Guaranteeing Subsidiary.

(9) Benefits Acknowledged. Each Guaranteeing Subsidiary’s Guarantee is subject to the terms and conditions set forth in the Indenture. Each Guaranteeing Subsidiary acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental Indenture and that the guarantee and waivers made by it pursuant to this Guarantee are knowingly made in contemplation of such benefits.

(10) Successors. All agreements of each Guaranteeing Subsidiary in this Supplemental Indenture shall bind its Successors, except as otherwise provided in this Supplemental Indenture. All agreements of the Trustee in this Supplemental Indenture shall bind its successors.

[Remainder of Page Left Intentionally Blank]


IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.

 

90210 BILTMORE MANAGEMENT, LLC

90210 DESERT RESORTS MANAGEMENT CO., LLC

90210 GRAND WAILEA MANAGEMENT CO., LLC

90210 LLC

90210 MANAGEMENT COMPANY, LLC

ANDIAMO’S O’HARE, LLC

BALLY’S GRAND PROPERTY SUB I, INC.

BLUE BONNET SECURITY, LLC

CHESTERFIELD VILLAGE HOTEL, LLC

COMPRIS HOTEL LLC

CONRAD FRANCHISE LLC

CONRAD INTERNATIONAL (BELGIUM) LLC

CONRAD INTERNATIONAL (EGYPT) RESORTS CORPORATION

CONRAD INTERNATIONAL (INDONESIA) CORPORATION

CONRAD INTERNATIONAL INVESTMENT (JAKARTA) CORPORATION

CONRAD INTERNATIONAL MANAGE (CIS) LLC

CONRAD MANAGEMENT LLC

DESTINATION RESORTS LLC

DOUBLETREE DTWC LLC

DOUBLETREE FRANCHISE LLC

DOUBLETREE HOTEL SYSTEMS LLC

DOUBLETREE HOTELS LLC

DOUBLETREE LLC

DOUBLETREE MANAGEMENT LLC

DT MANAGEMENT LLC

DT REAL ESTATE, INC.

DTM ATLANTA/LEGACY, INC.

DTM CAMBRIDGE, INC.

DTM COCONUT GROVE, INC.

DTM LARGO, INC.

DTM MARYLAND, INC.

DTM SANTA CLARA LLC

DTM WALNUT CREEK, INC.

DTR FCH HOLDINGS, INC.

DTR PAH HOLDING, INC.,

each as a Guaranteeing Subsidiary

By:  

/s/ W. Steven Standefer

  Name:   W. Steven Standefer
  Title:   Senior Vice President

 

[Subsidiary Guarantors’ Signature Page to the Supplemental Indenture]


DTR SAN ANTONIO, INC.

DTR TM HOLDINGS, INC.

DTWC SPOKANE CITY CENTER SPE, LLC

EJP CORPORATION

EMBASSY DEVELOPMENT CORPORATION

EMBASSY EQUITY DEVELOPMENT LLC

EMBASSY MEMPHIS CORPORATION

EMBASSY SUITES (ISLA VERDE), INC.

EMBASSY SUITES CLUB NO. 1, INC.

EMBASSY SUITES CLUB NO. THREE, INC.

EMBASSY SUITES CLUB NO. TWO, INC.

EMBASSY SUITES FRANCHISE LLC

EMBASSY SYRACUSE DEVELOPMENT LLC

EPAM CORPORATION

FLORIDA CONRAD INTERNATIONAL CORP.

GRAND VACATIONS REALTY, LLC

GRAND VACATIONS SERVICES LLC

GRAND VACATIONS TITLE, LLC

HAMPTON INNS FRANCHISE LLC

HAMPTON INNS LLC

HAMPTON INNS MANAGEMENT LLC

HAPEVILLE INVESTORS, LLC

HHC BC ORLANDO, LLC

HHC ONE PARK BOULEVARD, LLC

HIC FIRST CORPORATION

HIC GAMING CALIFORNIA, INC

HIC HOLDINGS CORPORATION

HIC HOTELS U.S.A. CORPORATION

HIC RACING CORPORATION

HIC SAN PABLO LIMITED, INC

HIC SAN PABLO, L.P.

HIC SECOND CORPORATION

HILTON BEVERAGE LLC

HILTON CHICAGO BEVERAGE I LLC

HILTON CHICAGO BEVERAGE II LLC

HILTON CHICAGO BEVERAGE III LLC

HILTON CHICAGO BEVERAGE IV LLC

HILTON CORPORATE DIRECTOR LLC

HILTON CP OPERATOR LLC

HILTON EL CON MANAGEMENT LLC,

each as a Guaranteeing Subsidiary

By:  

/s/ W. Steven Standefer

  Name:   W. Steven Standefer
  Title:   Senior Vice President

 

[Subsidiary Guarantors’ Signature Page to the Supplemental Indenture]


HILTON EL CON OPERATOR LLC

HILTON ELECTRONIC DISTRIBUTION SYSTEMS, LLC

HILTON ENERGY INVESTMENTS, LLC

HILTON ESJ OPERATOR LLC

HILTON FRANCHISE HOLDING LLC

HILTON FRANCHISE LLC

HILTON GARDEN INNS FRANCHISE LLC

HILTON GARDEN INNS MANAGEMENT LLC

HILTON GRAND VACATIONS CLUB, LLC

HILTON GRAND VACATIONS COMPANY, LLC

HILTON GRAND VACATIONS FINANCING, LLC

HILTON GRAND VACATIONS MANAGEMENT, LLC

HILTON HAWAII CORPORATION

HILTON HHONORS WORLDWIDE, L.L.C.

HILTON HOLDINGS, LLC

HILTON HOSPITALITY, LLC

HILTON ILLINOIS CORP.

HILTON ILLINOIS HOLDINGS LLC

HILTON INNS LLC

HILTON INTERNATIONAL CO.

HILTON KINGSLAND 1, LLC

HILTON MANAGEMENT LLC

HILTON NEW JERSEY SERVICE CORP.

HILTON OPB, LLC

HILTON ORLANDO PARTNERS II, LLC

HILTON ORLANDO PARTNERS III, LLC

HILTON RECREATION LLC

HILTON RESORTS CORPORATION

HILTON RESORTS MARKETING CORP.

HILTON SAN DIEGO CORPORATION

HILTON SPRING CORPORATION

HILTON SUPPLY MANAGEMENT LLC

HILTON SYSTEMS SOLUTIONS, LLC

HILTON SYSTEMS, LLC

HILTON WORLDWIDE, INC.

HILTON-OCCC HOTEL, LLC,

each as a Guaranteeing Subsidiary

By:  

/s/ W. Steven Standefer

  Name:   W. Steven Standefer
  Title:   Senior Vice President

 

[Subsidiary Guarantors’ Signature Page to the Supplemental Indenture]


HILTON-OCCC MEZZ LENDER, LLC

HLT AUDUBON LLC

HLT CA HILTON LLC

HLT CONRAD DOMESTIC LLC

HLT CONRAD GP LLC

HLT DOMESTIC JV HOLDINGS LLC

HLT DOMESTIC OWNER LLC

HLT ESP FRANCHISE LLC

HLT ESP INTERNATIONAL FRANCHISE LLC

HLT ESP INTERNATIONAL FRANCHISOR CORPORATION

HLT ESP INTERNATIONAL MANAGE LLC

HLT ESP INTERNATIONAL MANAGEMENT CORPORATION

HLT ESP MANAGE LLC

HLT FRANCHISE II BORROWER LLC

HLT HQ SPE LLC

HLT HSM HOLDING LLC

HLT HSS HOLDING LLC

HLT JV ACQUISITION LLC

HLT JV I BORROWER LLC

HLT LIFESTYLE FRANCHISE LLC

HLT LIFESTYLE INTERNATIONAL FRANCHISE LLC

HLT LIFESTYLE INTERNATIONAL FRANCHISOR CORPORATION

HLT LIFESTYLE INTERNATIONAL MANAGE LLC

HLT LIFESTYLE INTERNATIONAL MANAGEMENT CORPORATION

HLT LIFESTYLE MANAGE LLC

HLT MEMPHIS DATA LLC

HLT O’HARE LLC

HLT OPERATE DTWC LLC

HLT OWNED II HOLDING LLC

HLT OWNED II-A BORROWER LLC

HLT PALMER LLC

HLT TIMESHARE BORROWER I LLC

HLT TIMESHARE BORROWER II LLC

HOMEWOOD SUITES FRANCHISE LLC

HOMEWOOD SUITES MANAGEMENT LLC,

each as a Guaranteeing Subsidiary

By:  

/s/ W. Steven Standefer

  Name:   W. Steven Standefer
  Title:   Senior Vice President

 

[Subsidiary Guarantors’ Signature Page to the Supplemental Indenture]


HOTEL CLUBS OF CORPORATE WOODS, INC.

HOTELS STATLER COMPANY, INC.

HPP HOTELS USA, INC.

HPP INTERNATIONAL CORPORATION

HRC ISLANDER LLC

HTGV, LLC

INNVISION, LLC

INTERNATIONAL RIVERCENTER LESSEE, L.L.C.

LOCKWOOD PALMER HOUSE, LLC

MERITEX, LLC

PEACOCK ALLEY SERVICE COMPANY, LLC

POTTER’S BAR PALMER HOUSE, LLC

PROMUS HOTEL SERVICES, INC.

PROMUS HOTELS FLORIDA LLC

PROMUS HOTELS LLC

PROMUS HOTELS MINNEAPOLIS, INC.

PROMUS HOTELS PARENT LLC

PROMUS OPERATING LLC

PROMUS/KINGSTON DEVELOPMENT CORPORATION

SALC, INC.

SAMANTHA HOTEL LLC

SUITE LIFE, INC.

TEX HOLDINGS, INC.

WA COLLECTION INTERNATIONAL, LLC

WALDORF ASTORIA FRANCHISE LLC

WALDORF=ASTORIA MANAGEMENT LLC

WASHINGTON HILTON, L.L.C.,

each as a Guaranteeing Subsidiary
By:  

/s/ W. Steven Standefer

Name:   W. Steven Standefer
Title:   Senior Vice President

 

[Subsidiary Guarantors’ Signature Page to the Supplemental Indenture]


WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
By:  

/s/ W. Thomas Morris, II

  Name:   W. Thomas Morris, II
  Title:   Vice President

 

[Subsidiary Guarantors’ Signature Page to the Supplemental Indenture]


SCHEDULE I

Subsidiary Guarantors

 

Entity Name    Jurisdiction
90210 Biltmore Management, LLC    Delaware
90210 Desert Resorts Management Co., LLC    Delaware
90210 Grand Wailea Management Co., LLC    Delaware
90210 LLC    Delaware
90210 Management Company, LLC    Delaware
Andiamo’s O’Hare, LLC    Delaware
Bally’s Grand Property Sub I, Inc.    Nevada
Blue Bonnet Security, LLC    Delaware
Chesterfield Village Hotel, L.L.C.    Missouri
Compris Hotel LLC    Delaware
Conrad Franchise LLC    Delaware
Conrad International (Belgium) LLC    Nevada
Conrad International (Egypt) Resorts Corporation    Nevada
Conrad International (Indonesia) Corporation    Nevada
Conrad International Investment (Jakarta) Corporation    Nevada
Conrad International Manage (CIS) LLC    Delaware
Conrad Management LLC    Delaware
Destination Resorts LLC    Arizona
Doubletree DTWC LLC    Delaware
Doubletree Franchise LLC    Delaware
Doubletree Hotel Systems LLC    Arizona
Doubletree Hotels LLC    Arizona
Doubletree LLC    Delaware
Doubletree Management LLC    Delaware
DT Management LLC    Arizona
DT Real Estate, Inc.    Arizona
DTM Atlanta/Legacy, Inc.    Arizona
DTM Cambridge, Inc.    Massachusetts
DTM Coconut Grove, Inc.    Arizona
DTM Largo, Inc.    Arizona
DTM Maryland, Inc.    Arizona
DTM Santa Clara LLC    Arizona
DTM Walnut Creek, Inc.    Arizona
DTR FCH Holdings, Inc.    Arizona
DTR PAH Holding, Inc.    Arizona
DTR San Antonio, Inc.    Arizona
DTR TM Holdings, Inc.    Arizona
DTWC Spokane City Center SPE, LLC    Delaware


Entity Name    Jurisdiction
EJP Corporation    Delaware
Embassy Development Corporation    Delaware
Embassy Equity Development LLC    Delaware
Embassy Memphis Corporation    Tennessee
Embassy Suites (Isla Verde), Inc.    Delaware
Embassy Suites Club No. 1, Inc.    Kansas
Embassy Suites Club No. Three, Inc.    Louisiana
Embassy Suites Club No. Two, Inc.    Texas
Embassy Suites Franchise LLC    Delaware
Embassy Syracuse Development LLC    Delaware
EPAM Corporation    Delaware
Florida Conrad International Corp.    Florida
Grand Vacations Realty, LLC    Delaware
Grand Vacations Services LLC    Delaware
Grand Vacations Title, LLC    Delaware
Hampton Inns Franchise LLC    Delaware
Hampton Inns LLC    Delaware
Hampton Inns Management LLC    Delaware
Hapeville Investors, LLC    Delaware
HHC BC Orlando, LLC    Delaware
HHC One Park Boulevard, LLC    Delaware
HIC First Corporation    Delaware
HIC Gaming California, Inc    California
HIC Holdings Corporation    Delaware
HIC Hotels U.S.A. Corporation    Delaware
HIC Racing Corporation    Delaware
HIC San Pablo Limited, Inc    California
HIC San Pablo, L.P.    California
HIC Second Corporation    Delaware
Hilton Beverage LLC    Delaware
Hilton Chicago Beverage I LLC    Delaware
Hilton Chicago Beverage II LLC    Delaware
Hilton Chicago Beverage III LLC    Delaware
Hilton Chicago Beverage IV LLC    Delaware
Hilton Corporate Director LLC    Delaware
Hilton CP Operator LLC    Delaware
Hilton El Con Management LLC    Delaware
Hilton El Con Operator LLC    Delaware
Hilton Electronic Distribution Systems, LLC    Delaware
Hilton Energy Investments, LLC    Delaware
Hilton ESJ Operator LLC    Delaware


Entity Name    Jurisdiction
Hilton Franchise Holding LLC    Delaware
Hilton Franchise LLC    Delaware
Hilton Garden Inns Franchise LLC    Delaware
Hilton Garden Inns Management LLC    Delaware
Hilton Grand Vacations Club, LLC    Delaware
Hilton Grand Vacations Company, LLC    Delaware
Hilton Grand Vacations Financing, LLC    Delaware
Hilton Grand Vacations Management, LLC    Nevada
Hilton Hawaii Corporation    Delaware
Hilton HHonors Worldwide, L.L.C.    Delaware
Hilton Holdings LLC    Nevada
Hilton Hospitality LLC    Nevada
Hilton Illinois Corp.    Nevada
Hilton Illinois Holdings LLC    Delaware
Hilton Inns LLC    Delaware
Hilton International Co.    Delaware
Hilton Kingsland 1, LLC    Delaware
Hilton Management LLC    Delaware
Hilton New Jersey Service Corp.    Delaware
Hilton OPB, LLC    Delaware
Hilton Orlando Partners II, LLC    Delaware
Hilton Orlando Partners III, LLC    Delaware
Hilton Recreation LLC    Delaware
Hilton Resorts Corporation    Delaware
Hilton Resorts Marketing Corp.    Delaware
Hilton San Diego Corporation    California
Hilton Spring Corporation    Delaware
Hilton Supply Management LLC    Delaware
Hilton Systems Solutions, LLC    Delaware
Hilton Systems, LLC    Delaware
Hilton Worldwide, Inc.    Delaware
Hilton-OCCC Hotel, LLC    Florida
Hilton-OCCC Mezz Lender, LLC    Florida
HLT Audubon LLC    Delaware
HLT CA Hilton LLC    Delaware
HLT Conrad Domestic LLC    Delaware
HLT Conrad GP LLC    Delaware
HLT Domestic JV Holdings LLC    Delaware
HLT Domestic Owner LLC    Delaware
HLT ESP Franchise LLC    Delaware
HLT ESP International Franchise LLC    Delaware


Entity Name    Jurisdiction
HLT ESP International Franchisor Corporation    Delaware
HLT ESP International Manage LLC    Delaware
HLT ESP International Management Corporation    Delaware
HLT ESP Manage LLC    Delaware
HLT Franchise II Borrower LLC    Delaware
HLT HQ SPE LLC    Delaware
HLT HSM Holding LLC    Delaware
HLT HSS Holding LLC    Delaware
HLT JV Acquisition LLC    Delaware
HLT JV I Borrower LLC    Delaware
HLT Lifestyle Franchise LLC    Delaware
HLT Lifestyle International Franchise LLC    Delaware
HLT Lifestyle International Franchisor Corporation    Delaware
HLT Lifestyle International Manage LLC    Delaware
HLT Lifestyle International Management Corporation    Delaware
HLT Lifestyle Manage LLC    Delaware
HLT Memphis Data LLC    Delaware
HLT O’Hare LLC    Delaware
HLT Operate DTWC LLC    Delaware
HLT Owned II Holding LLC    Delaware
HLT Owned II-A Borrower LLC    Delaware
HLT Palmer LLC    Delaware
Homewood Suites Franchise LLC    Delaware
HLT Timeshare Borrower I LLC    Delaware
HLT Timeshare Borrower II LLC    Delaware
Homewood Suites Management LLC    Delaware
Hotel Clubs of Corporate Woods, Inc.    Kansas
Hotels Statler Company, Inc.    Delaware
HPP Hotels USA, Inc.    Delaware
HPP International Corporation    Nevada
HRC Islander LLC    Delaware
HTGV, LLC    Delaware
Innvision, LLC    Delaware
International Rivercenter Lessee, L.L.C.    Louisiana
Lockwood Palmer House, LLC    Delaware
Meritex, LLC    Delaware
Peacock Alley Service Company, LLC    New York
Potter’s Bar Palmer House, LLC    Delaware
Promus Hotel Services, Inc.    Delaware
Promus Hotels Florida LLC    Delaware
Promus Hotels LLC    Delaware


Entity Name    Jurisdiction
Promus Hotels Minneapolis, Inc.    Delaware
Promus Hotels Parent LLC    Delaware
Promus Operating LLC    Delaware
Promus/Kingston Development Corporation    Delaware
SALC, Inc.    Texas
Samantha Hotel LLC    Delaware
Suite Life, Inc.    Delaware
Tex Holdings, Inc.    Delaware
WA Collection International, LLC    Delaware
Waldorf Astoria Franchise LLC    Delaware
Waldorf=Astoria Management LLC    Delaware
Washington Hilton, L.L.C.    New York