debt
confidence high
sentiment neutral
materiality 0.55
Hyatt issues $600M of 5.750% senior notes due 2027 to refinance near-term debt
Hyatt Hotels Corp
- Issued $600M 5.750% Senior Notes due Jan 30, 2027; net proceeds ~$596.5M after discounts and expenses.
- Proceeds used to repay $600M 1.300% notes due Oct 1, 2023, with remainder for general corporate purposes.
- Notes rank equally with existing unsecured unsubordinated debt and are structurally subordinated to subsidiary liabilities.
- Underwriters: Goldman Sachs, Deutsche Bank, J.P. Morgan; indenture supplements filed as exhibits.