CHICAGO--(BUSINESS WIRE)--
Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) today
announced the pricing of its public offering of $400 million principal
amount of 4.850% senior notes due 2026. Hyatt intends to use the
proceeds from this offering for general corporate purposes, which may
include the full or partial redemption of its 3.875% Senior Notes due
2016, repayment of secured debt, share repurchases, acquisitions, or any
other general corporate purpose Hyatt may deem necessary or advisable,
and to pay related fees and expenses.
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.
J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Deutsche Bank
Securities 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: J.P. Morgan Securities
LLC collect at 1-212-834-4533; Goldman, Sachs & Co. toll free at
1-866-471-2526; or Deutsche Bank Securities Inc. toll free at
1-800-503-4611.
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, general economic uncertainty in key
global markets and a worsening of global economic conditions or low
levels of economic growth; the rate and the pace of economic recovery
following economic downturns; 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 future bookings;
loss of key personnel; hostilities, or fear of hostilities, including
future terrorist attacks, that affect travel; travel-related accidents;
natural or man-made disasters such as earthquakes, tsunamis, tornadoes,
hurricanes, floods, oil spills, nuclear incidents and global outbreaks
of pandemics or contagious diseases or fear of such outbreaks; our
ability to successfully achieve certain levels of operating profits at
hotels that have performance guarantees in favor of our third party
owners; the impact of hotel renovations; our ability to successfully
execute 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,
including the entry of new competitors in the lodging business;
relationships with colleagues and labor unions and changes in labor
laws; financial condition of, and our relationships with, third-party
property owners, franchisees and hospitality venture partners; the
possible inability of third-party owners, franchisees or development
partners to access capital necessary to fund current operations or
implement our plans for growth; risks associated with potential
acquisitions and dispositions and the introduction of new brand
concepts; the timing of acquisitions and dispositions; failure to
successfully complete proposed transactions (including the failure to
satisfy closing conditions or obtain required approvals); unforeseen
terminations of our management or franchise agreements; 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 such
markets; changes in the competitive environment in our industry,
including as a result of industry consolidation, and the markets where
we operate; cyber incidents and information technology failures;
outcomes of legal or administrative proceedings; violations of
regulations or laws related to our franchising business; and other risks
discussed in our filings with the U.S. Securities and Exchange
Commission, including our Annual Report on Form 10-K, which filings are
available from the SEC. We caution you not to place undue reliance on
any forward-looking statements, which are made only as of the date of
this press release. We do not undertake or assume any 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 law. 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.

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Source: Hyatt Hotels Corporation