Host L.P. entered into an underwriting agreement with Morgan Stanley & Co. LLC, BofA Securities, Inc. and J.P. Morgan Securities LLC on May 6, 2025, the company said. The deal covers the public offering of $500 million aggregate principal amount of 5.700% Series M senior notes due 2032.

1. 01

   Host L.P. entered into an underwriting agreement with Morgan Stanley & Co. LLC, BofA Securities, Inc. and J.P. Morgan Securities LLC on May 6, 2025, the company said. The deal covers the public offering of $500 million aggregate principal amount of 5.700% Series M senior notes due 2032.

2. 02

   The company said net proceeds to Host L.P. from the sale of the Series M senior notes, after deducting the underwriting discount, de minimis original issue discount and estimated transaction expenses, are estimated at about $490 million.

3. 03

   Host L.P. plans to use the Series M senior notes net proceeds, together with cash on hand, to redeem in full the Series E senior notes due 2025 with an aggregate principal amount of $500 million, the company said.

4. 04

   Host Hotels & Resorts said Host L.P. gave notice on May 7, 2025 that it will redeem all Series E senior notes, with the redemption date set for May 22, 2025. The redemption price is 100.000% of the principal amount plus unpaid interest accrued up to, but not including, the redemption date.

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