Host Hotels & Resorts, Inc. Announces Pricing of $425M of 5-7/8% Senior Notes Due 2019 by Host Hotels & Resorts

Host Hotels & Resorts, Inc. HST today announced that Host Hotels & Resorts, L.P., for whom the Company acts as sole general partner, has priced its private placement offering of $425 million in aggregate principal amount of 5-7/8% senior notes due 2019. The net proceeds of the Offering of approximately $415 million, after taking into account discounts, fees and offering expenses, will be used to redeem all of the Company's $250 million aggregate principal amount of outstanding 7-1/8% Series K senior notes due November of 2013, to repay $50 million in borrowings under the Company's credit facility and for general corporate purposes.