Xenia Hotels & Resorts Announces Upsizing and Pricing of Senior Notes Offering

Core Viewpoint - Xenia Hotels & Resorts, Inc. has successfully priced an offering of $400 million in senior notes with a fixed interest rate of 6.625%, maturing in 2030, to refinance existing debt and for general corporate purposes [1][2]. Group 1: Offering Details - The offering was upsized from an initially announced amount of$ 365 million [2]. - The senior notes will pay interest semi-annually and are set to mature on May 15, 2030 [1]. - The notes will be fully guaranteed by Xenia and certain subsidiaries, and will not be registered under the Securities Act [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to redeem outstanding 6.375% senior notes due 2025, cover fees and expenses related to the offering, and for general corporate purposes [2]. Group 3: Company Overview - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT focused on luxury and upper upscale hotels, owning 31 properties with a total of 9,408 rooms across 14 states [4]. - The company primarily operates hotels under well-known brands such as Marriott, Hyatt, and Hilton [4].