SPY422.60-0.51 -0.12%
DIA338.78-0.67 -0.20%
IXIC14,271.73+18.47 0.13%

Park Hotels & Resorts Upsizes Senior Notes Offering to $750 Million; Closing Expected May 14

05/11/2021 13:14

05:05 PM EDT, 05/11/2021 (MT Newswires) -- Park Hotels & Resorts (PK) said that several of its subsidiaries have priced an offering of $750 million of 4.875% senior secured notes due 2029 at a price equal to 100% of face value.

The offering was upsized from a previously announced aggregate principal amount of $650 million. The company plans to use the proceeds to help pay down debt under two of its loan facilities.

The offer is expected to close on May 14.

Price: 21.76, Change: 0.00, Percent Change: 0.00