New Issue: Host Marriott upsizes four-year notes to $450 million, yield 9½%

By Paul A. Harris

St. Louis, Mo., Dec. 6 - Host Marriott Corp. upsized its drive-by offering of four-year senior notes (Ba3/BB) to $450 million from a planned $350 million and priced the deal late Thursday to yield 9½%.

Bookrunners on the Rule 144A deal were Deutsche Banc Alex. Brown and Banc of America Securities. Co-managers were Bear Stearns & Co., Credit Lyonnais, Credit Suisse First Boston, Goldman Sachs & Co., Merrill Lynch & Co., Morgan Stanley, Scotia Capital and SG Cowen.

Issuer:	Host Marriott Corp.
Amount:	$450 million (upsized from $350 million)
Maturity:	Jan. 15, 2006
Type:	Senior notes
Bookrunners:	Deutsche Banc Alex. Brown, Banc of America Securities
Coupon:	9½%
Price:	Par
Yield:	9½%
Spread:	515 basis points
Call features:	Make-whole call at 50 basis points over Treasuries
Settlement date:	Dec. 14 (T+6) flat
Ratings:	Moody's: Ba3
	Standard & Poor's: BB
Cusip:	44108EAP3
End

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