Host Hotels & Resorts, Inc. Announces Put Option for Host Hotels & Resorts, L.P.’s 2.625% Exchangeable Senior Debentures Due 2027
BETHESDA, Md., March 15, 2012 /PRNewswire/ –?Host Hotels & Resorts, Inc. (NYSE:HST) (the “Company”) today announced that Host Hotels & Resorts, L.P., for whom the Company acts as sole general partner, is notifying holders of its outstanding 2.625% Exchangeable Senior Debentures due 2027 (CUSIP No. 44107TAE6) (the “Debentures”) that the holders have an option, pursuant to the terms of the Debentures, to require Host Hotels & Resorts, L.P. to purchase, on April 16, 2012, all or a portion of such holders’ Debentures (the “Put Option”) at a price equal to 100% of the aggregate principal amount of the Debentures.
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