CHICAGO--(BUSINESS WIRE)--May. 7, 2013--
Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) today
announced the pricing of its public offering of $350 million principal
amount of 3.375% senior notes due 2023. Hyatt intends to use the net
proceeds from the offering to pay the redemption price in connection
with the redemption of the full $250 million aggregate principal amount
of its 5.750% Senior Notes due 2015 and to purchase any and all of its
$250 million aggregate principal amount outstanding of 6.875% Senior
Notes due 2019 tendered in the previously announced cash tender offer,
plus accrued and unpaid interest on the existing notes, and any tender
premiums and related fees and expenses. If the cash tender offer is not
completed, or there are any remaining net proceeds that are not so
applied, then Hyatt will use the remaining proceeds from this offering
for general corporate purposes.
The offering is being made pursuant to an automatically effective
registration statement filed with the Securities and Exchange Commission
and available at no charge on the SEC’s website at www.sec.gov.
This press release shall not constitute a solicitation of an offer to
buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to the registration or qualification under the securities laws of
any such jurisdiction.
Goldman, Sachs & Co., J.P. Morgan Securities LLC and SunTrust Robinson
Humphrey, Inc. are acting as joint book-running managers for the
offering. Electronic copies of the preliminary prospectus supplement and
accompanying prospectus relating to the offering may be obtained from
the joint book-running managers by contacting: Goldman, Sachs & Co.,
Attention: Prospectus Department, 200 West Street, New York, New York
10282, telephone: +1(866) 471-2526 or by emailing prospectus-ny@ny.email.gs.com;
J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York
10179, Attention: High Grade Syndicate Desk, 3rd Floor, telephone
collect +1(212) 834-4533; or SunTrust Robinson Humphrey, Inc.,
Attention: Prospectus Department, 3333 Peachtree Rd. NE, Atlanta,
Georgia 30326, Telephone: 1-800-685-4786.
FORWARD-LOOKING STATEMENTS
Forward-looking statements in this press release, which are not
historical facts, are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Exchange Act of 1934. Our actual results, performance or
achievements may differ materially from those expressed or implied by
these forward-looking statements. In some cases, you can identify
forward-looking statements by the use of words such as “may,” “could,”
“expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,”
“predict,” “potential,” “continue,” “likely,” “will,” “would” and
variations of these terms and similar expressions, or the negative of
these terms or similar expressions. Such forward-looking statements are
necessarily based upon estimates and assumptions that, while considered
reasonable by us and our management, are inherently uncertain. Factors
that may cause actual results to differ materially from current
expectations include, among others, the factors discussed in our Annual
Report on Form 10-K for the fiscal year ended December 31, 2012, under
the sections titled “Risk Factors” in Part I, Item 1A and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” in Part II, Item 7; general economic uncertainty in key
global markets and a worsening of global economic conditions or low
levels of economic growth; levels of spending in business and leisure
segments as well as consumer confidence; declines in occupancy and
average daily rate; limited visibility with respect to short and
medium-term group bookings; loss of key personnel; hostilities,
including future terrorist attacks, or fear of hostilities that affect
travel; travel-related accidents; natural or man-made disasters such as
earthquakes, tsunamis, tornados, hurricanes, floods, oil spills and
nuclear incidents; our ability to successfully achieve certain levels of
operating profit at hotels that have performance guarantees with our
third-party owners; the impact of hotel renovations; our ability to
successfully execute and implement our common stock repurchase program;
the seasonal and cyclical nature of the real estate and hospitality
businesses; changes in distribution arrangements, such as through
internet travel intermediaries; changes in the tastes and preferences of
our customers; relationships with associates and labor unions and
changes in labor laws; financial condition of, and our relationships
with, third-party property owners, franchisees and hospitality venture
partners; risks associated with potential acquisitions and dispositions;
changes in federal, state, local or foreign tax law; increases in
interest rates and operating costs; foreign exchange rate fluctuations
or currency restructurings; lack of acceptance of new brands or
innovation; general volatility of the capital markets and our ability to
access the capital markets; changes in the competitive environment in
our industry and the markets where we operate; outcomes of legal
proceedings; and violations of regulations or laws related to our
franchising business. We caution you not to place undue reliance
on any forward-looking statements, which are made as of the date of this
press release. We undertake no obligation to update publicly any of
these forward-looking statements to reflect actual results, new
information or future events, changes in assumptions or changes in other
factors affecting forward-looking statements, except to the extent
required by applicable laws. If we update one or more forward-looking
statements, no inference should be drawn that we will make additional
updates with respect to those or other forward-looking statements.

Source: Hyatt Hotels Corporation
Hyatt Hotels Corporation
Investors:
Atish Shah, 312.780.5427
atish.shah@hyatt.com
or
Media:
Farley
Kern, 312.780.5506
farley.kern@hyatt.com