Hyatt Hotels to redeem 6.875% notes due 2019 with new note proceeds

By Marisa Wong

Morgantown, W.Va., Aug. 7 – Hyatt Hotels Corp. plans to redeem in full or in part its 6.875% senior notes due 2019 using proceeds from an offering of senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

Proceeds will also be used to repay secured debt, to buy back stock, for acquisitions and for other general corporate purposes.

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

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