Park Hotels & Resorts Inc. Announces Senior Notes Offering
Park Hotels & Resorts Inc. (PK)
Last park hotels & resorts inc. earnings: 2/26 04:15 pm
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pkhotelsandresorts.com
Company Research
Source: GlobeNewswire
TYSONS, Va., May 02, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the “Issuers”), intend to offer $450 million aggregate principal amount of senior notes due 2030 (the “Notes”). The Notes will be guaranteed by Park, PK Domestic REIT Inc. and certain subsidiaries of the Operating Company that guarantee the Company’s senior credit facilities and existing senior notes. The Issuers intend to use the net proceeds of the offering, together with proceeds of a new unsecured term loan that is contemplated to be incurred pursuant to an amendment to the Company’s existing credit agreement (the “Term Loan”), to (i) purchase all of the Issuers’ 7.500% Senior Notes due 2025 (the “2025 Notes”) that are validly tender
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News
- Park Hotels & Resorts Announces Final Results of Tender Offer [Yahoo! Finance]Yahoo! Finance
- Park Hotels & Resorts Announces Final Results of Tender OfferGlobeNewswire
- Park Hotels & Resorts Inc Announces Closing of $550 Million of 7.000% Senior Notes Due 2030GlobeNewswire
- Park Hotels & Resorts Inc. (NYSE: PK) was upgraded by analysts at Evercore ISI from an "in-line" rating to an "outperform" rating. They now have a $20.00 price target on the stock.MarketBeat
- Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Notes OfferingGlobeNewswire
PK
Earnings
- 4/30/24 - Beat
PK
Sec Filings
- 5/16/24 - Form 8-K
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- PK's page on the SEC website