Hilton issues $1B of 5.875% Senior Notes due 2033

Hilton Worldwide Holdings Inc.

$1B aggregate principal, 5.875% coupon, matures March 15, 2033; interest payable semi-annually.
Net proceeds used for general corporate purposes; notes priced at par on September 5, closed September 9, 2024.
Notes are senior unsecured obligations of Hilton Domestic Operating Co; guaranteed by Hilton Worldwide and certain subsidiaries.
Issuer may redeem notes at make-whole prior to March 2028, then at 102.938% declining to par; holders can trigger repurchase at 101% on change of control.
Covenants limit incurred secured debt, sale/leaseback, mergers; subject to exceptions.

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