|Hilton plans an IPO (again).|
Friday, 9th August 2013
Source : External Source
Hilton Worldwide Inc, the hotel operator owned by Blackstone Group LP (BX), hired four banks for a $13 billion debt refinancing later this year in anticipation of going public in early 2014, according to a person with knowledge of the matter.
The hotelier, based in McLean, Virginia, hired Deutsche Bank AG, Goldman Sachs Group Inc., Bank of America Corp. and Morgan Stanley for the refinancing as well as the initial public offering, said the person, who asked not to be identified because the information is private. The refinancing would encompass bank debt, commercial mortgage-backed securities, high-yield bonds and time-share financing, the person said.
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