Host Hotels & Resorts Announces Pricing Of $700 Million Of 5.500% Senior Notes Due 2035, By Host Hotels & Resorts, L.P.

Core Viewpoint - Host Hotels & Resorts, Inc. has announced the pricing of a $700 million offering of 5.500% Senior Notes due 2035, which are senior unsecured obligations of the company [1] Group 1: Offering Details - The offering is expected to close on August 12, 2024, subject to customary closing conditions [1] - The estimated net proceeds from the offering, after deductions, are expected to be approximately $683 million [2] - The proceeds will be used to repay $525 million of borrowings under the senior credit facility and for general corporate purposes, including capital expenditures and future acquisitions [2] Group 2: Management and Regulatory Information - Goldman Sachs & Co. LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, and PNC Capital Markets LLC are the joint book-running managers for the offering [3] - The offering is made pursuant to an effective shelf registration statement and accompanying prospectus filed with the SEC [4]