Starwood announce intent to offer senior notes

1st May 2009

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT)
announced today that it intends to offer, subject to market and other conditions, five-year senior
notes through an underwritten public offering.Starwood expects to use the net proceeds from the proposed offering to reduce outstanding
borrowings under its revolving credit facility. Any remaining proceeds will be used for general
corporate purposes.
Banc of America Securities LLC and J.P. Morgan Securities Inc. are acting as joint bookrunning
managers for this offering.


Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation