Park Hotels & Resorts Inc. Announces Upsizing and Pricing of 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”), priced an offering of $550 million aggregate principal amount of 7.000% senior notes due 2030 (the “Notes”) at a price equal to 100% of face value. The Notes will pay interest semi-annually in arrears, at a rate of 7.000% per year, and will mature on February 1, 2030. 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 offering has been upsized from the previously announced amount of $450 million. The Issuers intend to use the net proceeds of the offering, together with proceeds o
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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. (NYSE:PK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
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