Hilton Domestic Operating Company Inc., Hilton Worldwide Finance LLC and Hilton Worldwide Finance Corp. Announce Extension of Exchange Offer
Hilton Domestic Operating Company Inc. (“HOC”), Hilton Worldwide Finance LLC (“HWF”) and Hilton Worldwide Finance Corp. (“HWFC”), indirect subsidiaries of Hilton Worldwide Holdings Inc., announced today that they have extended the expiration date of their offer to exchange up to (i) $1,000,000,000 aggregate principal amount of HOC’s 4.250% Senior Notes due 2024, which have been registered under the Securities Act of 1933, as amended (the “Securities Act”), for any and all of HOC’s outstanding unregistered 4.250% Senior Notes due 2024 issued on August 18, 2016, (ii) $900,000,000 aggregate principal amount of HWF and HWFC’s 4.625% Senior Notes due 2025, which have been registered under the Securities Act, for any and all of HWF and HWFC’s outstanding unregistered 4.625% Senior Notes due 2025 issued on March 16, 2017, and (iii) $600,000,000 aggregate principal amount of HWF and HWFC’s 4.875% Senior Notes due 2027, which have been registered under the Securities Act, for any and all of HWF and HWFC’s outstanding unregistered 4.875% Senior Notes due 2027 issued on March 16, 2017.
The exchange offer was originally scheduled to expire at 5:00 p.m. (New York City time) on Tuesday, August 1, 2017, but will now expire at 5:00 p.m. (New York City time) on Monday, August 7, 2017. As of the close of business on August 1, 2017, (i) $998,638,000 in aggregate principal amount, or 99.9%, of the outstanding unregistered 4.250% Senior Notes due 2024, (ii) $899,471,000 in aggregate principal amount, or 99.9%, of the outstanding unregistered 4.625% Senior Notes due 2025, and (iii) $599,359,000 in aggregate principal amount, or 99.9%, of the outstanding unregistered 4.875% Senior Notes due 2027, had been validly tendered to the exchange agent by the holders thereof. The extension is intended to allow additional time for holders of the remaining outstanding unregistered notes to tender their notes in the exchange offer.
The exchange agent for the exchange offer is Wilmington Trust, National Association, c/o Wilmington Trust Company, Corporate Capital Markets, Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890-1626.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction where such an offering or sale would be unlawful.
Hilton (NYSE:HLT) is a leading global hospitality company, with a portfolio of 14 world-class brands comprising more than 5,000 properties with over 825,000 rooms in 103 countries and territories. Hilton is dedicated to fulfilling its mission to be the world’s most hospitable company by delivering exceptional experiences – every hotel, every guest, every time. The company's portfolio includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton Honors. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose exactly how many Points to combine with money, an exclusive member discount that can’t be found anywhere else and free standard Wi-Fi.