debt
confidence high
sentiment neutral
materiality 0.70
Hyatt issues $1B in senior notes to fund Playa Hotels acquisition
Hyatt Hotels Corp
- Issued $500M 5.050% notes due 2028 and $500M 5.750% notes due 2032.
- Net proceeds of ~$993.1M after underwriters' discounts and expenses.
- Proceeds to partially fund pending acquisition of Playa Hotels & Resorts, expected close pending.
- Special mandatory redemption at 101% if Playa acquisition not consummated.