Hyatt Hotels aims to sell fixed-rate senior notes

By Mary-Katherine Stinson

Lexington, Ky., June 26 – Hyatt Hotels Corp. intends to price fixed-rate senior notes, according to a 424B5 filed with the Securities and Exchange Commission.

They will feature a make-whole call option until some months before maturity, then a par call option.

Goldman Sachs & Co. LLC, Deutsche Bank Securities Inc., and J.P. Morgan Securities LLC are leading the sale. BofA Securities, Inc., Wells Fargo Securities, LLC, Scotia Capital (USA) Inc. and Truist Securities, Inc. are also bookrunners.

Computershare Trust Co., NA is the trustee.

Latham & Watkins LLP will be counsel for Hyatt, while Simpson Thacher & Bartlett LLP will act as counsel for the bookrunners.

Proceeds will be used, together with cash on hand, to repay all the 1.3% notes due Oct. 1, 2023 at or prior to their maturity with the remainder, if any, for general corporate purposes and to pay fees and expenses related to this offering.

Chicago-based Hyatt Hotels operates hotels, resorts and residential and vacation properties.

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