Latham & Watkins represented Hyatt Hotels Corporation, the global hospitality company, in a public offering of senior notes issued to refinance all of Hyatt’s 1.800% notes due 2024 and for general corporate purposes. The upsized, two-part offering consisted of US$450 million of five-year notes, which achieved a coupon of 5.250%, and US$350 million of 10-year notes, which achieved a coupon of 5.50%. The notes were rated Baa3 by Moody’s and BBB- by S&P Global and by Fitch.
Latham’s interdisciplinary team, including members of its market-leading Capital Markets Practice and its Hospitality, Gaming & Leisure Industry Group, advised Hyatt in the financings, and was led by partners Roderick Branch, Cathy Birkeland, and Michael Pucker, with associates Andrew Rutsky, Chelsea Carlson, and Julia Gabriel. Partners Diana Doyle and Rene De Vera, with associate Jay Khurana, advised on tax matters, and partner Larry Seymour advised on benefits and compensation matters.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
