The Firm recently represented Hilton Worldwide Holdings Inc. (NYSE: HLT) in connection with a Rule 144A/Regulation S offering of $1 billion aggregate principal amount of 5.500% Senior Notes due 2031. Hilton used the net proceeds of the offering to repay $450 million of borrowings under its senior secured revolving credit facility, and the remainder for general corporate purposes.
Hilton is a leading global hospitality company with a portfolio of 27 world-class brands comprising more than 9,200 properties and over 1.3 million rooms in 144 countries and territories.
The Simpson Thacher team included Edgar Lewandowski, Katharine Thompson, Thalia Garcia, Austin Pattan and Noor Irshaidat (Capital Markets); Brian Gluck and Joel Kushner (Credit); Jonathan Cantor, Andrew Purcell and Paul Jansch (Tax); Jamin Koslowe and Pasco Struhs (Executive Compensation and Employee Benefits); and Abram Ellis (Regulatory).