Hyatt Hotels $1.75 billion senior notes offering
Davis Polk advised the representatives of the underwriters in connection with an SEC-registered offering by Hyatt Hotels Corporation of $700 million aggregate principal amount of 1.300% notes due 2023, $300 million aggregate principal amount of floating-rate notes due 2023 and $750 million aggregate principal amount of 1.800% due 2024.
Hyatt Hotels Corporation is a leading global hospitality company that is headquartered in Chicago. The company’s subsidiaries operate, manage, franchise, own, lease, develop, license or provide services to hotels, resorts, branded residences and vacation ownership properties, including under the Park Hyatt, Miraval, Grand Hyatt, Alila, Andaz, The Unbound Collection by Hyatt, Destination by Hyatt, Hyatt Regency, Hyatt, Hyatt Ziva, Hyatt Zilara, Thompson Hotels, Hyatt Centric, Caption by Hyatt, JdV by Hyatt, Hyatt House, Hyatt Place, tommie, UrCove and Hyatt Residence Club brand names, and operates the World of Hyatt loyalty program that provides distinct benefits and exclusive experiences to its valued members.
The Davis Polk capital markets team included partner Shane Tintle, counsel Jake Tyshow and associate Lincoln Jim. Partner Po Sit provided tax advice. Counsel Loyti Cheng and associate Cristina Harshman provided environmental advice. Partner Matthew J. Bacal and associate Marisa Elena Bannon provided intellectual property advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.