Host Hotels & Resorts Prices $700M Offering Of 5.500% Senior Notes Due 2035; Expected To Close On August 12, 2024
Portfolio Pulse from Benzinga Newsdesk
Host Hotels & Resorts has announced the pricing of a $700 million offering of 5.500% senior notes due in 2035, with the transaction expected to close on August 12, 2024.
August 07, 2024 | 9:34 pm
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Host Hotels & Resorts has priced a $700 million offering of 5.500% senior notes due 2035, with the transaction expected to close on August 12, 2024.
The successful pricing of the senior notes indicates strong investor demand and confidence in Host Hotels & Resorts' financial stability. This could positively impact the stock price in the short term as it reflects the company's ability to raise capital at a favorable interest rate.
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IMPORTANCE 80
RELEVANCE 100