secwatch.observer — SEC 8-K summary
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Issuer:     Hyatt Hotels Corp (H)
CIK:        0001468174
Form:       8-K
Filed at:   2024-06-17T23:59:59+00:00
Accession:  0001193125-24-162660
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hyatt issues $450M 5.250% notes due 2029 and $350M 5.500% notes due 2034
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- Net proceeds ~$787.5M; to repay 1.800% senior notes due Oct 1, 2024 and general corporate purposes.
- 2029 notes mature June 30, 2029; 2034 notes mature June 30, 2034, interest payable semiannually.
- Notes rank equally with unsecured unsubordinated debt; structurally subordinated to subsidiary liabilities.
- Change of control put at 101% of principal plus accrued interest.
- Underwriters include BofA Securities, Deutsche Bank Securities, J.P. Morgan Securities, Scotia Capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468174/000119312524162660/0001193125-24-162660-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468174/000119312524162660/d779960d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-162660

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