Hilton Completes $1.9 Billion Senior Notes Offering
12.04.20
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The Firm recently represented Hilton Worldwide Holdings (NYSE: HLT) in connection with a Rule 144A/Regulation S offering of $1.9 billion of senior notes consisting of $800 million aggregate principal amount of 3.75% Senior Notes due 2029 and $1.1 billion aggregate principal amount of 4% Senior Notes due 2031. Hilton used the proceeds of the senior notes offering together with available cash to redeem all $1 billion aggregate principal amount of its 4.25% Senior Notes due 2024 and $0.9 billion aggregate principal amount of its 4.625% Senior Notes due 2025.
Hilton is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 6,300 properties with nearly one million rooms in 118 countries and territories.
The Simpson Thacher team included Edgar Lewandowski and Clark Warthen (Capital Markets – NY); William Golden and Jonathan Pacheco (Capital Markets – D.C.); Brian Gluck, Leah Nudelman and Julia Levenson (Credit); Andrew Purcell and Zachary Fialkow (Tax); Greg Grogan, Jamin Koslowe and Monisha Bhayana (Executive Compensation and Employee Benefits); Adeeb Fadil (Environmental); and Charles Mathes (Public Company Advisory Practice).