debt
confidence high
sentiment neutral
materiality 0.50
Hilton issues $1B in senior notes: $550M at 5.875% due 2029, $450M at 6.125% due 2032
Hilton Worldwide Holdings Inc.
- Issued $550M 5.875% senior notes due 2029 and $450M 6.125% senior notes due 2032 via private offering.
- Notes priced at par; interest payable semi-annually starting Oct 1, 2024.
- Offering expected to close Mar 26, 2024; proceeds for general corporate purposes incl. repayment of $200M revolver.
- Private offering under Rule 144A/Reg S; initial purchasers led by BofA Securities.