STAMFORD, CT According to a recent Reuters report, Beverly Hills, CA-based Hilton Hotels Corp. has sold $400 million in seven-year notes. Morgan Stanley and Credit Suisse First Boston were joint lead-managers for the sale. The size of the deal, according to the report, was originally planned to be $300 million.
The issue price of the notes was $98.85 with a 7.625% coupon rate. The maturity date is May 15, 2008 with a first payment scheduled for November 15, 2001. (5/8/01)
SOURCE:Reuters