Hyatt Hotels to redeem all $250 million 5.75% notes due 2015 on May 10

By Toni Weeks

San Luis Obispo, Calif., April 15 - Hyatt Hotels Corp. said it will fully redeem its $250 million of 5.75% senior notes due 2015 on May 10, according to a press release.

The notes will be redeemed at the sum of the present values of the remaining scheduled payments of principal and interest from May 10 to Aug. 15, 2015, except for accrued and unpaid interest, discounted to May 10 on a semiannual basis at the Treasury rate plus 50 basis points plus accrued interest up to May 10. The company said the redemption price will total $281,189,097.

Hyatt is a Chicago-based hospitality company.

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