Park Hotels & Resorts Announces Final Results of Tender Offer

Core Points - Park Hotels & Resorts Inc. announced the expiration and final results of its cash Tender Offer for its outstanding 7.500% Senior Notes due 2025, which expired on May 13, 2024 [1] - The Issuers purchased $311,473,000 in principal amount of the Notes that were validly tendered [2] - Following the settlement of the Tender Offer, the Issuers issued a notice of redemption for all outstanding Notes at a redemption price of 100.000% of the principal amount plus accrued interest, with the redemption date expected to be June 1, 2024 [3] Company Overview - Park Hotels & Resorts is one of the largest publicly traded lodging REITs, with a portfolio of 43 premium-branded hotels and resorts totaling over 26,000 rooms located in prime city center and resort locations [6]