Host Hotels to redeem all $500 million series V notes Nov. 2, Nov. 13

By Marisa Wong

Morgantown, W.Va., Oct. 14 – Host Hotels & Resorts, LP plans to redeem the remaining $250 million of its 6% series V senior notes due 2020 on Nov. 13, according to an 8-K filing with the Securities and Exchange Commission.

Host had also issued an earlier notice that it intends to redeem $250 million of the series V notes on Nov. 2.

In effect, all $500 million of the series V notes will be redeemed.

The redemption price will be 103 plus accrued interest to the redemption date.

The series V notes are being redeemed with proceeds from Host’s issuance of series F senior notes, together with cash on hand and an additional $100 million draw under its term loan facility.

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