Hilton Announces Launch of Senior Notes Offering
Hilton Worldwide Holdings Inc. (NYSE:HLT) (Hilton) announced today that its indirect subsidiary Hilton Domestic Operating Company Inc. (the Issuer) intends to offer $750 million aggregate principal amount of the Issuers Senior Notes due 2030 (the Notes).
- Hilton Worldwide Holdings Inc. (NYSE:HLT) (Hilton) announced today that its indirect subsidiary Hilton Domestic Operating Company Inc. (the Issuer) intends to offer $750 million aggregate principal amount of the Issuers Senior Notes due 2030 (the Notes).
- The Issuer intends to use the proceeds of the offering to repay borrowings under Hiltons senior secured credit facilities and any remaining proceeds for general corporate purposes, which may include, but is not limited to, funding certain share repurchases under Hiltons share repurchase program.
- The Notes to be 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.