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Aug. 2, 2012 /PRNewswire/ -- Host Hotels & Resorts, Inc. (NYSE: HST) today announced that Host Hotels & Resorts, L.P. ("Host L.P."), for whom the Company acts as sole general partner, has priced its offering (the "Offering") of
$450 million in aggregate principal amount of 4.75% senior notes due 2023 (the "Notes"). The Offering is expected to close on
August 9, 2012, subject to the satisfaction or waiver of customary closing conditions.
The net proceeds of the Offering of approximately
$443 million, after deducting the underwriting discount, fees and expenses, will be used to redeem the remaining
$250 million of our 6⅜% Series O senior notes due 2015, to redeem
$150 million of our 6¾% Series Q senior notes due 2016 and for general corporate purposes.
BofA Merrill Lynch, Goldman, Sachs & Co., J.P. Morgan and Wells Fargo Securities are the joint book-running managers for the offering.
The Offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC") on
May 1, 2012. A copy of the prospectus supplement and prospectus relating to the Notes may be obtained, when available, by contacting BofA Merrill Lynch, 222 Broadway, 7th Floor,
New York, NY 10038, Attn: Prospectus Department or email
firstname.lastname@example.org; Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street,
New York, NY 10282, telephone: 866-471-2526, fax: 212-902-9316, or email:
email@example.com; J.P. Morgan Securities LLC, Attn: Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, telephone: (800) 245-8812; or Wells Fargo Securities, LLC at 1525 West W.T. Harris Blvd., NC0675,
Charlotte, North Carolina 28262, Attn: Capital Markets Client Support, telephone: (800) 326-5897, or by emailing
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.