Host Hotels & Resorts talks $350 million notes due February 2026 at 270 bps area over Treasuries

By Aleesia Forni

Virginia Beach, Oct. 8 – Host Hotels & Resorts, LP set price talk for a $350 million offering of series F senior notes (Baa2/BBB) due Feb. 1, 2026 on Thursday in the 270 basis points area over Treasuries, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

BofA Merrill Lynch, J.P. Morgan Securities LLC, Goldman Sachs & Co. and Deutsche Bank Securities Inc. are the joint bookrunners.

Proceeds, along with cash on hand and borrowings from a new term loan, will be used to redeem $500 million of the company’s 6% series V notes due 2020 at a price of $515 million.

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

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