Host Hotels & Resorts redeemed all $346 million 7% notes in January

By Jennifer Chiou

New York, May 6 - Host Hotels & Resorts, Inc. redeemed its remaining $346 million of 7% series M senior notes that were to be due in August 2012 on Jan. 20, according to a 10-Q filing with the Securities and Exchange Commission.

As a result, the company recorded an $8 million loss on debt extinguishment.

Host Hotels used the proceeds from an issue of debentures for the redemption.

The Bethesda, Md.-based company is a real estate investment trust focused on ownership and operation of hotel properties.

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