The Firm recently represented Hilton Worldwide Holdings (NYSE: HLT) in connection with a Rule 144A/Regulation S offering of $1 billion of senior notes consisting of $550 million aggregate principal amount of 5.875% Senior Notes due 2029 and $450 million aggregate principal amount of 6.125% Senior Notes due 2032. Hilton intends to use the net proceeds of the offering for general corporate purposes, including the repayment of indebtedness, investments and acquisitions.
Hilton is a leading global hospitality company with a portfolio of 22 world-class brands comprising more than 7,500 properties and nearly 1.2 million rooms in 126 countries and territories.
The Simpson Thacher team included Edgar Lewandowski, Tony Rim, Joann Kim and Ziang Zhou (Capital Markets); Brian Gluck and Leah Nudelman (Credit); Andrew Purcell and Daisy Dai (Tax); Timothy Mulvihill and Noreen Lavan (Environmental); and Jamin Koslowe and Charles Pfeifer (Executive Compensation and Employee Benefits).