Host Hotels & Resorts to redeem 9¼% notes on Dec. 29

By Angela McDaniels

Seattle, Dec. 1 - Host Hotels & Resorts, LP plans to redeem all of its $242 million 9¼% series G senior notes due 2007 on Dec. 29, according to an 8-K filed with the Securities and Exchange Commission on Friday.

Under the terms of the notes, Host is required to pay a make-whole call premium in order to redeem the notes prior to their scheduled maturity of Oct. 1, 2007.

The company said it plans to fund the redemption using funds from its credit facility.

Host Hotels is the sole general partner of Host Hotels & Resorts Inc., a hotel and lodging real estate company based in Bethesda, Md.

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