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Hyatt Hotels to redeem $196M of senior notes due 2019

Hyatt Hotels Corp. is planning to fully redeem its 6.875% senior notes due 2019 with about $195.9 million in outstanding principal amount.

The notes will be redeemed Sept. 2 at a redemption price of about $203.7 million, according to an Aug. 8 filing.

The hotelier said earlier that it may use part of the proceeds from its offering of $400.0 million of 4.375% senior notes due 2028 to fund the redemption.