Host Hotels to redeem all $400 million of 9% notes via new offering

By Tali David

Minneapolis, March 19 - Host Hotels & Resorts, LP plans to use the proceeds of a senior note offering to redeem all of the outstanding $400 million principal amount of its 9% series T senior notes due 2017, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be redeemed at a redemption price of $418 million.

Pending application of the net proceeds, the company said it may invest the rest of the proceeds in short-term securities.

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

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