secwatch.observer — SEC 8-K summary
======================================

Issuer:     HOST HOTELS & RESORTS L.P. (—)
CIK:        0001061937
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001628280-24-022621
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Host Hotels & Resorts closes $600M offering of 5.700% Series K senior notes due 2034
--------------------------------------------------------------------------------

- Issued $600M of 5.700% Series K senior notes due 2034 via underwritten public offering.
- Net proceeds allocated to eligible green projects (incl. LEED Silver Nashville hotels) and to repay $215M of revolver borrowings.
- Covenants: minimum 1.5x EBITDA-to-interest coverage; total debt <65% of adjusted assets; unencumbered assets >=150% of unsecured debt.
- Optional redemption before April 2, 2034 at Treasury rate +25 bps; thereafter at par.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1061937/000162828024022621/0001628280-24-022621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1061937/000162828024022621/hst-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-022621

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer