Hilton Worldwide Holdings Inc.
Hilton Announces $1 Billion Senior Notes Offering
Summary
Hilton Worldwide Holdings Inc. announced that its subsidiary, Hilton Domestic Operating Company Inc., intends to offer $1 billion aggregate principal amount of 5.500% Senior Notes due 2031. The net proceeds will be used to repay $450 million of borrowings under the subsidiary's senior secured revolving credit facility and for general corporate purposes. The Notes will not be registered under the Securities Act of 1933 and will be offered to qualified institutional buyers and non-U.S. persons outside the United States.
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About Hilton Worldwide Holdings Inc.
Hilton Worldwide Holdings Inc. is a prominent global hospitality company known for its expansive network of hotels and resorts. The primary function of Hilton is to provide high-quality lodging services across diverse segments, catering to both leisure and business travelers. With a portfolio that spans luxury, full-service, and budget accommodations, Hilton operates under several flagship brands such as Waldorf Astoria, Conrad, Hilton Hotels & Resorts, and Hampton by Hilton. By leveraging an extensive franchise model and strategic partnerships, Hilton ensures widespread presence in key markets globally. Founded in 1919, Hilton plays a significant role in the travel and tourism industry, drawing guests from around the world and contributing to local economies through job creation and tourism development. Hilton's ability to adapt to evolving consumer preferences, its focus on customer experience, and its innovation in hospitality technology underscore its influential position in the global hotel market.
Official SEC Documents
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