New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

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
Sign up for a free trial to see the rest of the stories you've been missing.
October 16, 2014
10:01 EDTHSTOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:35 EDTHSTHost Hotels upgraded to Outperform from Market Perform at FBR Capital
Subscribe for More Information
October 15, 2014
10:02 EDTHSTOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
05:38 EDTHSTHost Hotels upgraded to Overweight from Equal Weight at Barclays
Subscribe for More Information
October 14, 2014
08:31 EDTHSTHost Hotels announces favorable decision in Texas Supreme Court
Host Hotels announced that on October 3, 2014 the company's litigation related to the San Antonio Marriott Rivercenter hotel ended in favor of the Company as the Texas Supreme Court denied the motion for rehearing from Keystone-Texas Holding Corp. On June 13, 2014, the Texas Supreme Court had overruled a lower court's $57.3M verdict against the Company for allegedly interfering with an effort to sell a San Antonio shopping mall and adjacent land underlying the San Antonio Marriott Rivercenter hotel. Now that the decision by the Texas Supreme Court is final, the company will reverse the $69M loss contingency previously recorded under GAAP. In addition, a court-ordered bond will be released and the Company will recoup its previously funded $25M escrow.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use