Roderick Branch, Cathy Birkeland, Michael Pucker, Andrew Rutsky, Chelsea Carlson, Julia Gabriel, Diana Doyle, Rene De Vera, Jay Khurana, Larry Seymour
January 24, 2026
Latham & Watkins Advises Hyatt Hotels on Upsized Two-Part Bond Offering
1 min
AI-made summary
- Hyatt Hotels Corporation conducted a public offering of senior notes to refinance its 1.800% notes due 2024 and for general corporate purposes
- The offering included $450 million in five-year notes with a 5.250% coupon and $350 million in 10-year notes with a 5.50% coupon
- The notes received ratings of Baa3 from Moody’s and BBB- from S&P Global and Fitch
- Latham & Watkins advised Hyatt on the transaction.
Latham & Watkins represented Hyatt Hotels Corporation, the global hospitality company, in a public offering of senior notes issued to refinance all of Hyatt’s 1.800% notes due 2024 and for general corporate purposes. The upsized, two-part offering consisted of US$450 million of five-year notes, which achieved a coupon of 5.250%, and US$350 million of 10-year notes, which achieved a coupon of 5.50%. The notes were rated Baa3 by Moody’s and BBB- by S&P Global and by Fitch. Latham’s interdisciplinary team, including members of its market-leading Capital Markets Practice and its Hospitality, Gaming & Leisure Industry Group, advised Hyatt in the financings, and was led by partners Roderick Branch, Cathy Birkeland, and Michael Pucker, with associates Andrew Rutsky, Chelsea Carlson, and Julia Gabriel. Partners Diana Doyle and Rene De Vera, with associate Jay Khurana, advised on tax matters, and partner Larry Seymour advised on benefits and compensation matters.~~
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Roderick Branch, Cathy Birkeland, Michael Pucker, Andrew Rutsky, Chelsea Carlson, Julia Gabriel, Diana Doyle, Rene De Vera, Jay Khurana, Larry Seymour
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