Hilton Worldwide to pay down secured credit with proceeds of notes

By Rebecca Melvin

New York, June 10 – Hilton Worldwide Holdings Inc. plans to repay borrowings under its senior secured credit facilities with proceeds of a planned notes offering for $750 million, according to a company news release.

Proceeds of the notes, which are being issued by indirect subsidiary Hilton Domestic Operating Co. Inc., are also earmarked for general corporate purposes, including potential share repurchases.

Hilton is a McLean, Va.-based hospitality company.

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