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Park Hotels and Resorts Inc. - Tender Offer 2024 (US) - Final Results

Park Hotels & Resorts Announces Final Results of Tender Offer - US70052LAA17 - USU7013LAA80

16 MAY 2024

Full announcement, including disclaimers and restrictions, available via Source: Park Hotels and Resorts Inc.


"On May 16, 2024, the Issuers purchased $311,473,000 in principal amount of the Notes that were validly tendered and not validly withdrawn or with respect to which a properly completed and duly executed Notice of Guaranteed Delivery was delivered at or prior to the Expiration Time.

According to information received from  Global Bondholder Services Corporation, the Tender and Information Agent for the Tender Offer, the following table sets forth details regarding the total aggregate principal amount of the Notes validly tendered and not validly withdrawn or with respect to which a properly completed and duly executed Notice of Guaranteed Delivery was delivered at or prior to the Expiration Time and the principal amount of the Notes that will be accepted for purchase by the Issuers today:

In addition, on May 16, 2024, the Issuers issued a notice of redemption for all of the Notes outstanding following the settlement of the Tender Offer at a redemption price of 100.000% of the principal amount thereof, plus accrued and unpaid interest to, but excluding, the redemption date (which is expected to be June 1, 2024) pursuant to the terms of the indenture governing the Notes. Following the redemption on the redemption date, the Issuers will no longer have any Notes outstanding."


Park Hotels & Resorts Inc. Announces Tender Offer for Any and All of Its 7.500% Senior Notes Due 2025 - US70052LAA17 - USU7013LAA80

02 MAY 2024

Full announcement, including disclaimers and restrictions, available via Source: Park Hotels and Resorts Inc.

TYSONS, Va., May 02, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE: PK) announced today that its subsidiaries, Park Intermediate Holdings LLC, a Delaware limited liability (the “Company”), PK Domestic Property LLC, a Delaware limited liability company, and PK Finance Co-Issuer Inc., a Delaware corporation (collectively, the “Issuers”), commenced a tender offer to purchase for cash (the “Tender Offer”), subject to certain terms and conditions, any and all of their outstanding 7.500% Senior Notes due 2025 (the “Notes”), at the price set forth below.

The Tender Offer is scheduled to expire at 5:00 p.m., New York City time, on May 13, 2024 (the “Expiration Time”), unless extended or earlier terminated by the Issuers. The Tender Offer is being made pursuant to an Offer to Purchase and related Notice of Guaranteed Delivery, each dated May 2, 2024 (together, the “Tender Offer Materials”), which set forth a more detailed description of the terms and conditions of the Tender Offer. Holders of the Notes are urged to carefully read the Tender Offer Materials before making any decision with respect to the Tender Offer.

The following table sets forth certain terms of the Tender Offer:



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