BEVERLY HILLS, CA Hilton Hotels Corp. completed the sale of $300 million in 10-year senior unsecured notes. The notes, rated Baa3/BBB-, carry a coupon of 8.25% and have a maturity date of February 15, 2011. Proceeds from the sale will be used to repay indebtedness under the companys revolving credit facility expiring October 18, 2003.
Joint Lead Managers on the transaction were Morgan Stanley Dean Witter and Banc of America Securities LLC. (2/14/01)