Hilton expects to sell bonds as part of debt refinancing

By Paul A. Harris and Sara Rosenberg

Portland, Ore., Sept. 13 - Hilton Worldwide Holdings Inc. plans to sell bonds as part of a new debt refinancing.

The refinancing also includes a $6.85 billion credit facility that is set to launch at a bank meeting on Tuesday morning.

Deutsche Bank Securities Inc., Bank of America Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley Senior Funding Inc. and Goldman Sachs Bank USA are the lead banks on the credit facility.

The new debt is anticipated to be completed before the company closes on its recently announced initial public offering of common stock.

Hilton Worldwide is a McLean, Va.-based hospitality company.

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