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Prospect News home > News index > List of issuers H > Headlines for Host Hotels & Resorts, LP > News item |
Fitch rates Host Hotels notes BB
Fitch Ratings said it assigned a BB rating to the $350 million aggregate principal amount 5.25% private placement senior notes due 2022 priced by Host Hotels & Resorts, LP.
According to the agency, the offering is expected to close on March 22, 2012.
The agency said the $344 million of net proceeds will be used to repay the $113 million principal amount outstanding of the 7.5% mortgage secured by the JW Marriott in Washington, D.C.; and to redeem $250 million of the company's 6.875% series S senior notes due 2014.
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