Benzinga | Sep 28, 2021 05:48AM EDT

Hyatt Hotels To Raise $1.7B Via Debt Offering

* Hyatt Hotels Corp (NYSE:H) has announced the pricing of its public offering of $700.0 million of senior notes due 2023, bearing interest at a fixed annual rate of 1.300%.

* The company also priced $300.0 million of floating rate senior notes due 2023 and $750.0 million of senior notes due 2024.

* The offering is expected to close on October 1, 2021.

* Hyatt intends to use the net proceeds of the offering to fund a portion of the purchase price for its pending acquisition of Apple Leisure Group.

* Related Content: Hyatt Hotels To Raise $500M Via Equity Offering

* Price Action: H shares closed higher by 0.69% at $80.31 on Monday.