secwatch.observer — SEC 8-K summary
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Issuer:     Hilton Worldwide Holdings Inc. (HLT)
CIK:        0001585689
Form:       8-K
Filed at:   2024-09-09T23:59:59+00:00
Accession:  0001193125-24-215940
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585689/000119312524215940/0001193125-24-215940-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585689/000119312524215940/d880422d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-215940

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