Host Hotels to draw on existing facility for repurchase of debentures

By Sara Rosenberg

New York, Nov. 14 - Host Hotels & Resorts Inc. plans to use borrowings under its credit facility to help fund the repayment of $421 million 2 5/8% exchangeable debentures, according to a news release.

Other funds for the refinancing will come from $300 million of senior notes and cash on hand.

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

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