Host Hotels & Resorts (HST) Declares $0.20 Quarterly Dividend; 4.5% Yield
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Host Hotels & Resorts, Inc. Announces $500 Million Term Loan and Quarterly Dividend on Common Stock
September 14, 2015 8:00 AM EDTBETHESDA, Md., Sept. 14, 2015 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NYSE: HST) announced that it has closed on a $500 million term loan (Term Loan) by exercising the accordion feature of its existing credit facility. The closing of this Term Loan increases the Companys credit facility to $2 billion, which is comprised of a $1 billion revolver and two $500 million term loans.  The Term Loan has a five-year maturity and the interest rate spread depends on the Companys unsecured debt ratings. The maturity date on the revolver and existing term loan remains unchanged. Based on the Companys... More
