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Hilton guides $750 million eight-year notes with 4½%-4¾% yield; pricing Monday
By Paul A. Harris
Portland, Ore., Aug. 8 – Hilton Worldwide Holdings Inc. is guiding a $750 million offering of eight-year senior notes (Ba3) with a 4½% to 4¾% yield, according to a market source.
The deal is expected to price on Monday.
BofA Merrill Lynch, Deutsche Bank Securities Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley and Co. LLC and Wells Fargo Securities LLC are managing the sale.
The notes come with three years of call protection.
The McLean, Va.-based hospitality company plans to use the proceeds to refinance debt.
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