Form 8-K · Current report
Host Hotels & Resorts 8-K, filed Oct 26, 2026
- Filed
- CIK
- 0001070750
- Accession no.
- 0001070750-26-000150
Summary
Host Hotels & Resorts, L.P. entered into an amendment and restatement of its senior unsecured bank credit facility with Bank of America, N.A. as administrative agent and other lenders, replacing and refinancing a $1.5 billion revolving tranche and two $500 million term loan tranches that had been scheduled to mature in January 2027 and January 2028. The restated facility sets maturities of January 2031 for the revolver and Term A-1 facility and January 2032 for the Term A-2 facility, with pricing tied to Host LP's unsecured long-term debt rating and a leverage-based adjustment.
Key points
- The restated facility carries a $1.5 billion revolver and $500 million Term A-1 and $500 million Term A-2 term loan tranches, with no required scheduled amortization before maturity.
- Interest margins range from 65 to 135 basis points over SOFR for revolver borrowings and 70 to 155 basis points over SOFR for term loan borrowings, and are reduced by one ratings notch when Host LP's leverage ratio is at or below 4.00:1.00.
- The agreement retains a sustainability pricing adjustment tied to green building certifications and renewable electricity use, and includes a foreign currency subfacility of up to $500 million and swingline and letter-of-credit subfacilities of up to $100 million each.
- Host LP had no revolver borrowings outstanding other than letters of credit as of October 21, 2026, with $500 million outstanding under each term loan tranche, and may add up to $1.25 billion of future commitments.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01. Entry into a Material Definitive Agreement. See discussion of the bank credit facility set forth below in Item 2.03, which is incorporated herein by reference. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On October 21, 2026, Host Hotels & Resorts, L.P. (“Host LP”), for whom Host Hotels & Resorts, Inc. (“Host Inc.”) is sole general partner, entered into an amendment and restatement (the “Restatement”) of its existing senior unsecured bank credit facility dated as of January 4, 2023 with Bank of America, N.A., as administrative agent and certain other agents and lenders (as amended, the “Existing…
An excerpt of the text as filed with the SEC, cut for length.
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