debt
confidence high
sentiment neutral
materiality 0.55
Xenia prices $400M 6.625% senior notes due 2030, upsized from $365M
Xenia Hotels & Resorts, Inc.
- $400M aggregate principal at 100% face value, 6.625% fixed rate, maturity May 15, 2030.
- Upsized from previously announced $365M offering; closing expected November 25, 2024.
- Net proceeds, with credit agreement borrowings, will redeem outstanding 6.375% notes due 2025.
- Notes are senior obligations of XHR LP, fully guaranteed by Xenia and certain subsidiaries.