04:55 PM EDT, 05/16/2024 (MT Newswires) -- Park Hotels & Resorts ( PK ) said late Thursday it closed a $550 million offering of 7% senior notes due Feb. 1, 2030.

The company plans to use the net proceeds, along with the proceeds of a new $200 million unsecured term loan, to fund its cash tender offer for 7.5% senior notes due 2025, among other things, according to a statement.

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