Starwood prices US$250 million debt offering
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WHITE PLAINS, N.Y.–(BUSINESS WIRE)–Nov. 5, 2009– Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that it has priced an underwritten public offering of $250 million of 7.150% Senior Notes due 2019. The notes were offered to the public at a price of 97.559% of principal amount.
Starwood expects to use the net proceeds from the proposed offering to purchase up to $200 million aggregate principal amount of its outstanding 7?% Senior Notes due 2012 and up to $100 million aggregate principal amount of its outstanding 6
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