H: Hyatt prices $400M 5.950% senior notes due 2033
Hyatt priced $400M 5.950% senior notes due 2033 at 99.688% of par, reoffer yield 6.005%, T+123bp spread, settling Nov 12.
What this filing says
Hyatt Hotels is selling $400 million of 5.950% senior notes maturing November 15, 2033, priced at 99.688% of principal. The notes are expected to settle on November 12, 2026, subject to completion of the offering. For a shareholder, this adds $400 million of debt that must be repaid with interest, and the filing does not say how the proceeds will be used.
Key figures
- Principal amount
- $400,000,000
- Interest rate
- 5.950% per year
- Price to public
- 99.688% of principal amount
- Reoffer yield
- 6.005%
- Spread to Treasury
- T + 123 basis points
- Underwriting discount
- 0.625%
Positive for shareholders
- The notes carry investment-grade ratings of Baa3, BBB- and BBB-, all with stable outlooks.
Negative for shareholders
- The company is adding $400 million of debt carrying a 5.950% annual interest cost.
- The notes pay a higher yield than the Treasury benchmark by 123 basis points, reflecting the credit risk investors take on.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- Senior notes:
- Debt that ranks ahead of junior debt and equity in repayment if a company runs into financial trouble.
- Par call date:
- The date from which the issuer may redeem the notes at face value plus accrued interest, without the make-whole premium that applies earlier.
- Change of control offer:
- A requirement that the issuer offer to buy back the notes at 101% of principal if a change of control triggering event occurs.
FAQ
How much is Hyatt Hotels borrowing with these notes?
Hyatt is issuing $400,000,000 in principal amount of 5.950% senior notes due November 15, 2033.
When do the Hyatt notes start paying interest?
Interest is payable on May 15 and November 15 each year, beginning May 15, 2027.
Can Hyatt repay the notes early?
Yes. Before September 15, 2033 Hyatt may redeem the notes at the greater of a make-whole price or par, plus accrued interest, and from that date at par plus accrued interest.
Historical context for H
Across the 28 sessions after earlier H headlines, the stock closed higher 19 times and lower 9 times, with a median move of 1.3% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | H | SPY |
|---|---|---|---|
| Nov 2, 2026 | Hyatt Names Stephen Ho Group President, Asia Pacific; David Udell to Become Senior Advisor | +3.0% | -0.5% |
| Oct 30, 2026 | Super Age Collaborates with World of Hyatt to Champion Longevity and Welcome Athletes to Hyatt Regency Times Square | -2.0% | -1.8% |
| Oct 29, 2026 | Hyatt Reports Third Quarter 2026 Results | +6.3% | -0.4% |
| Oct 28, 2026 | X Marks the Spot: The StandardX Is Coming to Times Square | +0.2% | +0.3% |
| Oct 19, 2026 | Hyatt Centric Downtown St. Louis Debuts, Bringing a New Home Base to the Gateway City | +1.7% | +0.4% |
| Sep 30, 2026 | Hyatt Elevates the Everyday Stay with Growing Essentials Portfolioand 1 other headline that session | -2.1% | -0.2% |
- Market cap
- 30-day
- Sector
- Consumer Discretionary
- Industry
- Hotels/Resorts
- Listed since
- 2009
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