secwatch.observer — SEC 8-K summary
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Issuer:     HOST HOTELS & RESORTS, INC. (HST)
CIK:        0001070750
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001193125-23-157893
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Host Hotels & Resorts establishes $600M ATM equity program
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- Enters Distribution Agreement for at-the-market offering of up to $600M in common stock.
- Agents include J.P. Morgan, BofA, Goldman Sachs, Jefferies, Morgan Stanley, Scotia, Truist, Wells Fargo.
- Commission capped at 2% of gross proceeds; net proceeds for acquisitions and general corporate purposes.
- Also contemplates forward sale agreements with major banks; company may physically or cash settle.
- Prospectus supplement filed on May 31, 2023; shelf registration effective since April 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070750/000119312523157893/0001193125-23-157893-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070750/000119312523157893/d495680d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-157893

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