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Hyatt to refinance $750 million floating-rate notes due 2022
By Rebecca Melvin
Concord, N.H., Sept. 28 – Hyatt Hotels Corp. plans to refinance all of its $750 million principal amount of floating-rate notes due 2022 using proceeds of a new notes offering, according to a company news release.
The proceeds of the new notes will also be used to fund a portion of Hyatt’s Apple Leisure Group acquisition and for general corporate purposes.
Hyatt is a Chicago-based hospitality company.
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