Daily News: September 16, 2013

Reuters: Deutsche, Others Refinance Hilton Debt

Hilton Worldwide will launch a $5.85 billion credit at a bank meeting on September 17; proceeds will refinance existing debt in advance of Hilton’s initial public offering, sources told Thompson Reuters.

Deutsche Bank is lead left on the loans, with Bank of America Merrill Lynch, JP Morgan, Morgan Stanley and Goldman Sachs to the right, Reuters reported. The new loan will consist of an $850 million, five-year term loan B-1 and a $5 billion, seven-year term loan B-2.

To read the entire Reuters story, click here.