New Issue-Hyatt Hotels Corp sells $500 mln in two parts

Mon Aug 10, 2009 4:54pm EDT

  Aug 10 (Reuters) - Hyatt Hotels Corp (H.N) on Monday sold
$500 million of senior notes in a two part debt sale in the
144a private placement market, said IFR, a Thomson Reuters
service.
  Bank of America, JP Morgan, UBS, and Deutsche Bank were
the joint bookrunning managers for the sale.
BORROWER: HYATT HOTELS CORP
FIRST TRANCHE:
AMT $250 MLN      COUPON 5.75 PCT     MATURITY 8/15/2015 
TYPE SR NOTES     ISS PRICE 99.46     FIRST PAY 2/15/2010
MOODY'S Baa1      YIELD 5.858 PCT     SETTLEMENT 8/14/2009
S&P BBB           SPREAD 312.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS
SECOND TRANCHE:
AMT $250 MLN      COUPON 6.875 PCT    MATURITY 8/15/2019 
TYPE SR NOTES     ISS PRICE 99.864    FIRST PAY 2/15/2010
MOODY'S Baa1      YIELD 6.894 PCT     SETTLEMENT 8/14/2009
S&P BBB           SPREAD 312.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS


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