Park Hotels completes redemption of $338.5M 7.5% Senior Notes due 2025

Park Hotels & Resorts Inc.

Completed redemption of all $338.5M outstanding principal of 7.500% Senior Notes due 2025.
Redemption price was 100% of principal plus accrued interest up to, but excluding, June 1, 2024.
Notes were issued by Park subsidiaries under indenture dated May 29, 2020.
Eliminates high-coupon (7.5%) debt due 2025, reducing future interest expense.

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