Summary by Moomoo AI
On May 7, 2024, Host Hotels & Resorts, L.P., represented by Host Hotels & Resorts, Inc. as its sole general partner, entered into an underwriting agreement with J.P. Morgan Securities LLC, BofA Securities, Inc., and Wells Fargo Securities, LLC for a public offering of $600 million in 5.700% Series K senior notes due 2034. The offering was completed on May 10, 2024, following an effective shelf registration statement filed on April 9, 2024. The Series K senior notes, issued under an eighth supplemental indenture with The Bank of New York Mellon as trustee, will pay semi-annual interest and are subject to optional redemption provisions before and after April 2, 2034. Host L.P. has outlined restrictive covenants in the indenture regarding its ability to incur further indebtedness, subject to certain...Show More