Published on : Thursday, March 9, 2017
Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) announced today that its indirect subsidiaries Hilton Worldwide Finance LLC (the “Issuer”) and Hilton Worldwide Finance Corp. (together with the Issuer, the “Issuers”) finalized the terms of the Issuers’ offering of $900 million aggregate principal amount of 4.625% Senior Notes due 2025 (the “2025 Notes”) and $600 million aggregate principal amount of 4.875% Senior Notes due 2027 (the “2027 Notes” and, together with the 2025 Notes, the “Notes”). The Issuers anticipate that consummation of the offering will occur on March 16, 2017, subject to customary closing conditions, and intend to use the proceeds from the offering together with available cash to redeem all of their outstanding 5.625% Senior Notes due 2021.
The Notes offered have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws. The Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes were offered, by the initial purchasers, only to persons reasonably believed to be “qualified institutional buyers” in reliance on the exemption from registration provided by Rule 144A under the Securities Act and to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.
This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act, and it is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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