Hilton Worldwide Holdings Inc. subsidiary, Hilton Domestic Operating Company Inc., plans to offer $1 billion in Senior Notes due 2031.
The company will use $450 million of the proceeds to repay its senior secured revolving credit facility. Remaining funds will support general corporate purposes.
Hilton currently manages approximately $13.1 billion in total debt.
The private offering targets qualified institutional buyers under Rule 144A and non-U.S. persons via Regulation S. These notes are not registered under the Securities Act of 1933.