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News Breaks
July 1, 2014
08:03 EDTHSTHost Hotels amended and extended $1B revolver scheduled to mature 2015
SHY Host Hotels & Resorts announced that it has amended and extended its existing $1B revolver scheduled to mature in 2015 and its $500M term loan scheduled to mature in 2017. The amended facility will extend the final maturity for both the revolver and term loan to 2019 and reduce pricing to reflect current market conditions. At the new pricing level based on our present credit rating, the all-in pricing was reduced 30 basis points on the revolver and 32.5 basis points on the term loan. Therefore, U.S. dollar denominated borrowings today would result in an initial all-in rate of 1.35% and 1.28%, respectively. At this time, approximately $220M is outstanding under the revolver and $500M under the term loan. The facility was arranged by Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities and Wells Fargo Securities as joint lead arrangers and joint book runners.
News For HST From The Last 14 Days
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May 1, 2015
11:06 EDTHSTHost Hotels needs to do more with capital to rerate higher, says Wells Fargo
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April 30, 2015
06:13 EDTHSTHost Hotels sees FY15 adjusted FFO $1.52-$1.55, consensus $1.54
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06:12 EDTHSTHost Hotels announces $500M share repurchase program
Host Hotels has authorized a program to repurchase up to $500M of common stock. The common stock may be purchased in the open market or through private transactions from time to time over the next 18 months depending upon market conditions.
06:10 EDTHSTHost Hotels reports Q1 adjusted FFO 35c, consensus 33c
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April 29, 2015
15:00 EDTHSTNotable companies reporting before tomorrow's open
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