Host Hotels to sell $150 million add-on to 3.5% green notes due 2030

By Devika Patel

Knoxville, Tenn., Aug. 31 – Host Hotels & Resorts, LP plans to sell an additional $150 million of its 3.5% green senior notes due Sept. 15, 2030, according to a 424B5 filed with the Securities and Exchange Commission.

The company sold $600 million of the notes in a sale that priced on Aug. 11 and settled on Aug. 20. The previous notes were issued at 98.702 with a spread of Treasuries plus 300 basis points to yield 3.655%.

The notes feature a make-whole call at Treasuries plus 45 bps until 90 days prior to maturity and then a par call.

J.P. Morgan Securities LLC, BofA Securities Inc., Wells Fargo Securities LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used for one or more green projects.

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

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