Host Hotels & Resorts Inc., through its partnership entity Host Hotels & Resorts, L.P., has successfully completed an underwritten public offering of $500 million in Series M senior notes, bearing an interest rate of 5.700% and maturing in 2032. The company plans to utilize the net proceeds from this offering, complemented by existing cash reserves, to fully redeem its outstanding $500 million of 4.000% Series E senior notes due in 2025. This move is part of Host L.P.'s strategic refinancing efforts. The issuance aligns with the company's adherence to financial covenants, including maintaining a minimum EBITDA-to-interest coverage ratio of 1.5x and other leverage metrics, ensuring financial stability and compliance with its Indenture agreements.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。