Latham & Watkins Advises Hyatt Hotels on US$600 Million Bond Offering

Latham & Watkins represented Hyatt Hotels Corporation, the global hospitality company, in a public bond offering of an aggregate of US$600 million of 5.750% unsecured senior notes due 2027. Hyatt intends to use the proceeds from the offering to repay all of Hyatt’s 1.300% notes due 2023 at or prior to maturity and for general corporate purposes. The notes were rated Baa3 by Moody’s and BBB- by S&P Global and by Fitch.

Latham corporate partners Michael Pucker, Roderick Branch, and Cathy Birkeland led the Latham team, with counsel Manasi Bhattacharyya and associates Andrew Rutsky, Chelsea Carlson, Cyerra McGowan, and Matthew Galligan. Advice was also provided on tax matters by partners Diana Doyle and Rene De Vera, with associate Christopher Ohlgart.