Host Hotels & Resorts: No requests to buy back 3.25% exchangeables

By Angela McDaniels

Tacoma, Wash., April 15 - Host Hotels & Resorts, Inc. said that no holders of Host Hotels & Resorts, LP's $325 million of 3.25% exchangeable senior debentures due 2024 exercised their put options.

Holders could require the company to purchase the exchangeables at par on April 15. They had until 5 p.m. ET on April 13 to exercise the option.

The next put option for holders is in April 2014. The issuer can call the exchangeables at any time.

Bethesda, Md.-based Host Hotels is a real estate investment trust that owns and operates hotel properties.

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