Moody’s ups, rates Hilton loans Baa2

Moody's Investors Service said it assigned a Baa2 rating to Hilton Domestic Operating Co. Inc.'s (combined herein with Hilton Worldwide Holdings Inc. as Hilton) planned $2.6 billion backed senior secured term loans B3 and B4, and upgraded the company's backed senior secured bank credit facilities ratings to Baa2 from Baa3.

Hilton plans to borrow $1 billion tranche due 2028 and $1.6 billion tranche due 2030.

Concurrently, the agency said it affirmed the company's other ratings including its corporate family rating at Ba1, probability of default rating at Ba1-PD and senior unsecured ratings at Ba2. The company's speculative grade liquidity rating of SGL-1 remains unchanged.

Hilton plans to use the loans to refinance its $2.6 billion senior secured term loan B due 2026.

The outlook remains stable.

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