AI English summary of an SEC filing — figures as filed

The company said its subsidiary Hilton Domestic Operating Company Inc. issued and sold $550 million of 5.875% Senior Notes due 2029 and $450 million of 6.125% Senior Notes due 2032 on March 26, 2024.

8-KEntry into a Material Definitive AgreementFiled Mar 27, 2024Period of report Mar 26, 2024Summary published (UTC) Oct 30, 2026

Key points

AI summary

The company said its subsidiary Hilton Domestic Operating Company Inc. issued and sold $550 million of 5.875% Senior Notes due 2029 and $450 million of 6.125% Senior Notes due 2032 on March 26, 2024.
The company said the notes were issued at 100% of par value, with interest payable semi-annually in arrears on April 1 and October 1, beginning on October 1, 2024.
The company said it plans to use the net proceeds from the notes for general corporate purposes, including repaying $200 million of borrowings under its senior secured revolving credit facility, as well as investments and acquisitions.
The company said it may redeem the 2029 Notes at 102.938% of principal from April 1, 2026, and that this price falls to 101.469% on April 1, 2027 and to 100.000% on April 1, 2028.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Issuance of Senior Notes Due 2029 and 2032

The company said its subsidiary Hilton Domestic Operating Company Inc. issued and sold $550 million of 5.875% Senior Notes due 2029 and $450 million of 6.125% Senior Notes due 2032 on March 26, 2024.

Source · Based on the filing body and exhibits

Par Issue Terms and Interest Payment Schedule of the Notes

The company said the notes were issued at 100% of par value, with interest payable semi-annually in arrears on April 1 and October 1, beginning on October 1, 2024.

Source · Based on the filing body and exhibits

Planned Use of Net Proceeds

The company said it plans to use the net proceeds from the notes for general corporate purposes, including repaying $200 million of borrowings under its senior secured revolving credit facility, as well as investments and acquisitions.

Source · Based on the filing body and exhibits

Optional Redemption Terms for 2029 Notes

The company said it may redeem the 2029 Notes at 102.938% of principal from April 1, 2026, and that this price falls to 101.469% on April 1, 2027 and to 100.000% on April 1, 2028.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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