Hilton Completes $1 Billion Senior Notes Offering
The Firm recently represented Hilton Worldwide Holdings Inc. in connection with a Rule 144A/Regulation S offering of $1 billion aggregate principal amount of 5.500% Senior Notes due 2034. Hilton used the net proceeds of the offering to redeem all $500 million in aggregate principal amount of its outstanding 5.750% Senior Notes due 2028 and to pay all fees and expenses related thereto and will use the remainder for general corporate purposes.
Hilton is a leading global hospitality company with a portfolio of 25 world-class brands comprising approximately 9,000 properties and over 1.3 million rooms in 141 countries and territories.
The Simpson Thacher team included Edgar Lewandowski, Katharine Thompson, Thalia Garcia and Austin Pattan (Capital Markets); Brian Gluck and Joel Kushner (Credit); Jonathan Cantor, Andrew Purcell and Paul Jansch (Tax); Timothy Mulvihill (Environmental); and Jamin Koslowe and Pasco Struhs (Executive Compensation and Employee Benefits).