Bulletin: Host Hotels&Resorts L.P. Adds $150 Million To Series I Notes Offering; 'BBB-' Rating Remains On CreditWatch Negative - S&P Global Ratings’ Credit Research

Bulletin: Host Hotels&Resorts L.P. Adds $150 Million To Series I Notes Offering; 'BBB-' Rating Remains On CreditWatch Negative

Bulletin: Host Hotels&Resorts L.P. Adds $150 Million To Series I Notes Offering; 'BBB-' Rating Remains On CreditWatch Negative - S&P Global Ratings’ Credit Research
Bulletin: Host Hotels&Resorts L.P. Adds $150 Million To Series I Notes Offering; 'BBB-' Rating Remains On CreditWatch Negative
Published Aug 31, 2020
2 pages (1034 words) — Published Aug 31, 2020
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Abstract:

NEW YORK (S&P Global Ratings) Aug. 31, 2020--S&P Global Ratings said Host Hotels&Resorts L.P.'s $150 million additional aggregate principal amount of 3.5% series I senior unsecured notes due 2030 constitutes a further issuance of the $600 million of 3.5% series I notes due 2030 that the company issued on Aug. 20, 2020. The additional series I notes will have terms identical to the existing series I notes, other than issue date and offering price. As such, the 'BBB-' rating on the notes remains on CreditWatch with negative implications. Upon completion of the offering, the aggregate principal amount outstanding under this series will be $750 million. Host plans to use the proceeds for general corporate purposes, and we believe

  
Brief Excerpt:

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Report Type:

Bulletin

Issuer
Host Hotels&Resorts L.P.
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Host Hotels&Resorts L.P. Adds $150 Million To Series I Notes Offering; 'BBB-' Rating Remains On CreditWatch Negative" Aug 31, 2020. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Host-Hotels-Resorts-L-P-Adds-150-Million-To-Series-I-Notes-Offering-BBB-Rating-Remains-On-CreditWatch-Negative-2504347>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Host Hotels&Resorts L.P. Adds $150 Million To Series I Notes Offering; 'BBB-' Rating Remains On CreditWatch Negative Aug 31, 2020. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Host-Hotels-Resorts-L-P-Adds-150-Million-To-Series-I-Notes-Offering-BBB-Rating-Remains-On-CreditWatch-Negative-2504347>
  
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