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Park Hotels to fully repay $631 million term loan with note proceeds
By Taylor Fox
New York, Sept. 14 – Park Hotels & Resorts Inc. plan to repay its existing $631 million term loan maturing December 2021 in full using proceeds from a $650 million note offering, according to a news release.
Any remaining proceeds will be used to repay amounts outstanding under its revolving credit facility.
Park Hotels is a Tysons, Va.-based real estate investment trust focused on hotels.
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