latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/high-yield-bond-news/hilton-worldwide-prices-1b-high-yield-bond-offering content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Hilton Worldwide Prices $1B High Yield Bond Offering

S&P: BBB downgrade risks in Europe look manageable

Churchill Downs announces $400M of eight-year notes for debt refi

Judge dismisses Marble Ridge claims over Neiman's MyTheresa transfer

Revlon delays annual 10-K, details liquidity, ERP-related losses


Hilton Worldwide Prices $1B High Yield Bond Offering

hilton logoHilton Worldwide’s upsized $1 billion offering of eight-year (non-call three) notes priced this afternoon at par, and at the low end of talk, for a yield of 4.25%. Bank of America Merrill Lynch was lead bookrunner for the 144A notes, and shopped the offering with joint bookrunners Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley, and Wells Fargo Securities. Hilton has said that the proceeds will be used for the partial repayment of the company’s existing debt. Terms:

Issuer Hilton Worldwide
Ratings BB+/Ba3
Amount $1 billion
Issue senior notes (144A)
Coupon 4.25%
Price 100%
Yield 4.25%
Spread T+277 bps
Maturity Sept. 1, 2024
Call non-call three
Trade Aug. 8, 2016
Settle Aug. 18, 2016
Bookrunners BAML/DB/GS/JPM/MS/WFS
Joint Leads
Co-Managers
Price talk 4.375% area
Notes first call at par plus 50% coupon; 40% equity claw; upsized from $750 million.

Follow LCD News on Twitter.

This story first appeared on www.lcdcomps.com, an offering of S&P Global Market Intelligence. LCD’s subscription site offers complete news, analysis and data covering the global leveraged loan and high yield bond markets. You can learn more about LCD here.