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Hilton borrowing $500m in HNA repurchases

Category:Industry Key Words:HNA repurchases,Hilton,HNA Time:2018-04-12 11:11

Hilton officials have announced plans to issue $500 million in senior notes to fund the repurchase of 10 million shares of common stock from HNA Tourism Group, according to a news release. HNA is selling down its 26% stake in Hilton to help alleviate cash-flow issues.

Hilton officials said in the release that any money left over will be “used for general corporate purposes.”

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