Host Hotels completes $700 million senior notes offering, repays $525 million revolver debt
Host Hotels & Resorts' operating partnership completed a $700 million public offering of 5.500% Series L senior notes due 2035 on August 12, 2024. The company plans to use the proceeds to repay all $525 million of revolver borrowings, including amounts used for recent hotel acquisitions, which keeps the credit facility's commitments intact.
Key points
- Host L.P. sold $700 million of 5.500% Series L senior notes due 2035, completed August 12, 2024
- Net proceeds intended to repay all $525 million outstanding under the revolver, without reducing commitments
- Borrowings partly tied to recent acquisitions of The Ritz-Carlton O'ahu, Turtle Bay and 1 Hotel Central Park
- Notes can be redeemed before January 15, 2035 at the greater of par or a make-whole price set at Treasury plus 30 basis points
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.