Hilton Worldwide Holdings Inc. Files 8-K

TL;DR

Hilton (HLT) filed a routine 8-K on 3/25 for an event on 3/22. No major news yet.

AI Summary

Hilton Worldwide Holdings Inc. filed an 8-K on March 25, 2024, reporting an event that occurred on March 22, 2024. The filing is categorized under 'Other Events' and does not appear to involve specific financial transactions or material changes based on the provided text.

Why It Matters

This filing indicates a regulatory update from Hilton Worldwide Holdings Inc., which is standard practice for publicly traded companies to disclose significant events.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for 'Other Events' and does not disclose any immediate financial risks or significant operational changes.

Key Players & Entities

• Hilton Worldwide Holdings Inc. (company) — Registrant
• March 22, 2024 (date) — Date of Earliest Event Reported
• March 25, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share HLT New York Stock
• $550 million — providing for the issuance and sale of $550 million in aggregate principal amount of the Is
• $450 million — r Notes due 2029 (the "2029 Notes") and $450 million in aggregate principal amount of the Is
• $200 million — te purposes, including the repayment of $200 million of indebtedness under the senior secure

Filing Documents

• hlt-20240322.htm (8-K) — 25KB
• 0001585689-24-000060.txt ( ) — 150KB
• hlt-20240322.xsd (EX-101.SCH) — 2KB
• hlt-20240322_lab.xml (EX-101.LAB) — 23KB
• hlt-20240322_pre.xml (EX-101.PRE) — 13KB
• hlt-20240322_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events. On March 22, 2024, Hilton Domestic Operating Company Inc. (the "Issuer"), an indirect subsidiary of Hilton Worldwide Holdings Inc. (the "Company"), entered into a purchase agreement (the "Purchase Agreement") by and among the Issuer, the Company, the other guarantors party thereto and BofA Securities, Inc., for itself and on behalf of the several initial purchasers named therein (the "Initial Purchasers"), providing for the issuance and sale of $550 million in aggregate principal amount of the Issuer's 5.875% Senior Notes due 2029 (the "2029 Notes") and $450 million in aggregate principal amount of the Issuer's 6.125% Senior Notes due 2032 (the "2032 Notes" and, together with the 2029 Notes, the "Notes") in a private offering to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The Notes will be issued at 100% of their par value with a coupon of 5.875%, in the case of the 2029 Notes, and 6.125%, in the case of the 2032 Notes. Interest on the Notes will be payable semi-annually on April 1 and October 1 of each year commencing on October 1, 2024. The 2029 Notes will mature on April 1, 2029, and the 2032 Notes will mature on April 1, 2032. The offering is expected to close, subject to customary closing conditions, on March 26, 2024. The Purchase Agreement contains customary representations, warranties, conditions to closing, indemnification rights and obligations of the parties and termination provisions. The Issuer intends to use the net proceeds of the offering of the Notes for general corporate purposes, including the repayment of $200 million of indebtedness under the senior secured revolving credit facility, investments and acquisitions. The information included in Item 8.01 of this Current Report on Form 8-K is neither an offer to sell n

View Full Filing

View this 8-K filing on SEC EDGAR