Host Hotels & Resorts, L.P. has amended and restated its senior unsecured bank credit facility, effectively refinancing and extending the maturities of its existing debt. The agreement, dated October 21, 2026, replaces a $1.5 billion revolving credit facility and two separate $500 million term loan facilities.
Key Details
- Facility Structure: The new agreement consists of a $1.5 billion revolving credit facility ("Revolver"), a $500 million term loan facility ("Term A-1"), and a second $500 million term loan facility ("Term A-2").
- Extended Maturities: The Revolver and Term A-1 Facility now mature on January 15, 2031, with extension options available. The Term A-2 Facility matures on January 15, 2032.
- Key Terms: The agreement includes an option to increase commitments by up to $1.25 billion in the future. Pricing is linked to Host's debt rating and includes adjustments based on leverage and sustainability performance metrics. As of the agreement date, $1 billion was outstanding under the term loan facilities.