Park Hotels & Resorts Inc Announces Closing of $550 Million of 7.000% Senior Notes Due 2030

Core Viewpoint - Park Hotels & Resorts Inc. successfully completed an offering of $550 million in senior notes, enhancing its liquidity and extending debt maturities [1][3]. Group 1: Offering Details - The company issued $550 million of 7.000% senior notes due February 1, 2030, with interest paid semi-annually [1]. - The proceeds from the offering will be used to purchase $650 million of 7.500% Senior Notes due 2025 and to cover related fees and expenses [2]. Group 2: Financial Position - The combined liquidity position of the company, after the offering and a new $200 million unsecured term loan, is now $1.4 billion [3]. - Upon repayment of the 2025 Notes, the company will not face significant maturities until 2026 [3]. Group 3: Regulatory Information - The notes and guarantees were not registered under the Securities Act and were offered only to qualified institutional buyers and certain non-U.S. persons [3].