Daily News: August 19, 2013

Deutsch, BofA Merrill Said to Lead Hilton $12B Refi

Reuters is reporting that Hilton Worldwide is preparing a $12 billion debt package to refinance existing borrowings ahead of an IPO expected in the first half of 2014.

Reuters said Deutsche Bank and Bank of America Merrill Lynch are leading the refinancing discussions. Goldman Sachs and Morgan Stanley are also expected to have lead roles in the transaction. The four are also set to lead the IPO.

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