Host Hotels to offer seven-year fixed-rate notes via five bookrunners

By Devika Patel

Knoxville, Tenn., March 9 – Host Hotels & Resorts, LP expects to price fixed-rate series G senior notes (BBB-) due April 1, 2024, according to a 424B5 filed with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

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

Proceeds will be used to repay some borrowings under the revolving portion of the company’s credit facility and for general corporate purposes.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.