Hyatt Finalizes Pricing for $800 Million Senior Notes Offering

Tuesday, June 4, 2024

Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H), a leading global hospitality company, announced the pricing of its public offering of senior notes totaling $800,000,000. The offering includes $450,000,000 aggregate principal amount of senior notes due 2029, with a fixed annual interest rate of 5.25%, and $350,000,000 aggregate principal amount of senior notes due 2034, with a fixed annual interest rate of 5.50%.

The closing of the offering is anticipated on June 17, 2024, pending customary closing conditions.

Hyatt plans to use the net proceeds from this offering to repay its 1.800% notes due 2024 (the “2024 Notes”) at or before their maturity on October 1, 2024. Any remaining net proceeds will be used for general corporate purposes, along with covering fees and expenses related to the offering.

BofA Securities, Inc., Deutsche Bank Securities, J.P. Morgan, and Scotiabank are serving as representatives of the underwriters and joint book-running managers for the offering.

This offering is being conducted under a shelf registration statement on Form S-3, which includes a base prospectus filed with the Securities and Exchange Commission (the “SEC”) and became automatically effective on August 30, 2023.