Hilton Subsidiary Issues $1 Billion in 5.500% Senior Notes Due 2031

Hilton Domestic Operating Company Inc., an indirect subsidiary of Hilton Worldwide Holdings Inc., has issued and sold $1 billion in senior unsecured notes. The proceeds will primarily be used to repay existing debt under its revolving credit facility, with the remainder allocated for general corporate purposes.

Key Details

• Offering: $1 billion aggregate principal amount of 5.500% Senior Notes, issued at 100% of par value.
• Terms: The notes mature on September 15, 2031. Interest is payable semi-annually on May 15 and November 15, beginning on November 15, 2026.
• Use of Proceeds: The company used the net proceeds to repay $450 million of borrowings under its senior secured revolving credit facility, with the remainder designated for general corporate purposes.
• Guarantees: The notes are fully and unconditionally guaranteed on a senior unsecured basis by Hilton Worldwide Holdings Inc. and certain other subsidiaries.