Host Hotels & Resorts, Inc. Announces Redemption And Exchangeability Of 2.625% Exchangeable Senior Debentures Due 2027 By Host Hotels & Resorts, L.P.
BETHESDA, Md., Sept. 14, 2012 /PRNewswire/ -- Host Hotels & Resorts, Inc. (HST) today announced that Host Hotels & Resorts, L.P. ("Host L.P."), for whom the Company acts as sole general partner, is redeeming the remaining approximately $2 million of its 2.625% Exchangeable Senior Debentures due April 15, 2027 (the "Debentures"). The redemption date is October 2, 2012 (the "Redemption Date").
Because Host L.P. has called the Debentures for redemption, the Debentures shall become exchangeable during the period beginning September 14, 2012 and ending at 5:00 p.m., New York City time, on September 28, 2012, which is the second business day prior to the Redemption Date.
SOURCE Host Hotels & Resorts, Inc.