debtconfidence high
Hilton issues $1B of 5.500% Senior Notes due 2031, uses $450M to repay revolver debt
Hilton Worldwide Holdings Inc.
- Issued $1B aggregate principal of 5.500% Senior Notes due Sept 15, 2031 at 100% of par.
- Interest payable semi-annually on May 15 and Nov 15, beginning Nov 15, 2026.
- Net proceeds used to repay $450M of revolver borrowings; remainder for general corporate purposes.
- Notes are senior unsecured obligations of Hilton Domestic Operating Company, guaranteed by Hilton Worldwide and certain subsidiaries.
- Optional redemption: make-whole prior to May 15, 2028; then step-down schedule starting at 102.750%.
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