Host Hotels to repay some revolver debt via series G notes due 2024

By Susanna Moon

Chicago, March 9 – Host Hotels & Resorts, LP plans to repay some revolving loans under its credit facility due June 2018, including debt used to acquire W Hollywood, using proceeds of new notes.

Host Hotels plans to price series G senior notes due April 1, 2024, according to a 424B5 filing with the Securities and Exchange Commission.

Interest on dollar borrowings under the revolver is currently 1.83%, based on the company’s long-term debt rating as of March 1.

Proceeds of the new issue also will be used for general corporate purposes.

Host Hotels is a real estate investment trust based in Bethesda, Md., that owns and operates hotel properties.

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