Hilton to launch $3.23 billion term loan B-2 on Tuesday afternoon

By Sara Rosenberg

New York, Aug. 1 – Hilton Worldwide Finance LLC is set to hold a lender call at 1:30 p.m. ET on Tuesday to launch a $3,225,000,000 covenant-light term loan B-2 due October 2023, according to a market source.

Deutsche Bank Securities Inc., Bank of America Merrill Lynch, Goldman Sachs Bank USA, Morgan Stanley Senior Funding Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners on the deal.

Proceeds will be used to amend and extend by three years a portion of the company’s existing $4,225,000,000 term loan B.

Hilton is a McLean, Va.-based hospitality company.

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