Host Hotels & Resorts, Inc 8-K, filed Dec 9, 2021
Host Hotels & Resorts, Inc. (HST)
About this 8-K
Host Hotels & Resorts, Inc filed this 8-K on December 9, 2021, reporting on events of December 7, 2021.
Items reported
- Item 7.01: Regulation FD disclosure
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Host Hotels & Resorts, Inc. |
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Host Hotels & Resorts, L.P. |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
On December 7, 2021, Host Hotels & Resorts, L.P. (“Host L.P.”), of which Host Hotels & Resorts, Inc. (“Host Inc.”) is the sole general partner, repaid $800 million of revolver borrowings under its fifth amended and restated senior revolving credit and term loan facility with Bank of America, N.A., as administrative agent, JPMorgan Chase Bank, N.A and Wells Fargo Bank, N.A. as co-syndication agents, and certain other agents and lenders, as further amended to date (the “Credit Facility”). The Credit Facility provides for a total of $1.5 billion of availability under the revolver, which had been substantially fully utilized. After the December 7, 2021 repayment, approximately $683 million remains outstanding under the revolver portion of the Credit Facility along with $1 billion outstanding under the term loan facility. Amounts repaid under the revolver portion can be re-borrowed at any time subject to the requirements of the Credit Facility. The current interest rate for borrowings under the revolving portion of the Credit Facility is LIBOR plus 110 basis points and the current interest rate for borrowings under the term loan facility is LIBOR plus 125 basis points, in each case based on Host L.P.’s current unsecured long-term debt rating.
The information contained in this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
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HOST HOTELS & RESORTS, INC. |
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Date: December 8, 2021 |
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By: |
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/S/ Joseph C. Ottinger |
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Name: |
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Joseph C. Ottinger |
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Title: |
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Senior Vice President and Corporate Controller |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
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HOST HOTELS & RESORTS, L.P.
By: HOST HOTELS & RESORTS, INC. its General Partner
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Date: December 8, 2021 |
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By: |
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/S/ Joseph C. Ottinger |
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Name: |
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Joseph C. Ottinger |
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Title: |
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Senior Vice President and Corporate Controller |