debt
confidence high
sentiment neutral
materiality 0.50
Xenia Hotels issues $400M 6.625% senior notes due 2030, redeems 2025 notes
Xenia Hotels & Resorts, Inc.
- Issued $400M aggregate principal of 6.625% senior notes due May 15, 2030.
- Net proceeds plus cash used to redeem all outstanding 6.375% senior notes due 2025.
- Notes guaranteed by Xenia and certain subsidiaries; interest payable semi-annually starting May 15, 2025.
- Make-whole redemption prior to May 15, 2027; thereafter at 103.313% to 100% of principal.
- Indenture includes change-of-control repurchase at 101% and customary covenants.