New Issue-Hyatt Hotels sells $500 mln notes in 2 parts

Fri Aug 5, 2011 12:16pm EDT

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  Aug 5 (Reuters) - Hyatt Hotels Corp (H.N) on Thursday sold
$500 million of senior notes in two parts, said IFR, a Thomson
Reuters service.
  Deutsche Bank, Goldman Sachs, JPMorgan, Scotia Capital and
UBS were the joint bookrunning managers for the sale.
BORROWER: HYATT HOTELS CORP
TRANCHE 1                                                
AMT $250 MLN      COUPON 3.875 PCT    MATURITY 8/15/2016 
TYPE SR NTS       ISS PRICE 99.571    FIRST PAY 2/15/2012
MOODY'S Baa2      YIELD 3.97 PCT      SETTLEMENT 8/9/2011
S&P TRIPLE-B      SPREAD 287.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS
TRANCHE 2                                                
AMT $250 MLN      COUPON 5.375 PCT    MATURITY 8/15/2021 
TYPE SR NTS       ISS PRICE 99.846    FIRST PAY 2/15/2012
MOODY'S Baa2      YIELD 5.395 PCT     SETTLEMENT 8/9/2011
S&P TRIPLE-B      SPREAD 300 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS


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