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Park Hotels & Resorts Inc. (PK)

NYSE - NYSE Delayed Price. Currency in USD
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9.19-0.35 (-3.67%)
At close: 4:00PM EDT
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Trade prices are not sourced from all markets
Previous Close9.54
Open10.00
Bid0.00 x 2200
Ask0.00 x 2200
Day's Range9.17 - 9.97
52 Week Range3.99 - 26.58
Volume4,145,633
Avg. Volume6,310,446
Market Cap2.165B
Beta (5Y Monthly)1.99
PE Ratio (TTM)N/A
EPS (TTM)-3.57
Earnings DateNov. 04, 2020 - Nov. 09, 2020
Forward Dividend & Yield1.80 (20.25%)
Ex-Dividend DateMar. 30, 2020
1y Target Est10.17
  • Park Hotels & Resorts Inc. Announces Closing of $725 Million of 5.875% Senior Secured Notes Due 2028
    Business Wire

    Park Hotels & Resorts Inc. Announces Closing of $725 Million of 5.875% Senior Secured Notes Due 2028

    Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the "Operating Company"), PK Domestic Property LLC ("PK Domestic LLC") and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the "Issuers"), completed the previously announced offering of $725 million aggregate principal amount of 5.875% senior secured notes due 2028 (the "Notes"). The Notes will pay interest semi-annually in arrears, at a rate of 5.875% per year, and will mature on October 1, 2028. The Notes are guaranteed by Park and certain subsidiaries of the Operating Company that guarantee the Company’s senior credit facilities and existing senior secured notes due 2025. The Notes are secured, subject to permitted liens, by a first priority security interest in all of the capital stock of certain wholly owned subsidiaries of certain of the guarantors and PK Domestic LLC, which collateral also secures the obligations under the Company’s senior credit facilities and existing senior secured notes due 2025 on a first priority basis.

  • Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Secured Notes Offering
    Business Wire

    Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Secured Notes Offering

    Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the "Operating Company"), PK Domestic Property LLC ("PK Domestic LLC") and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the "Issuers"), priced an offering of $725 million aggregate principal amount of 5.875% senior secured notes due 2028 (the "Notes") at a price equal to 100% of face value. The Notes will pay interest semi-annually in arrears, at a rate of 5.875% per year, and will mature on October 1, 2028. The Notes will be guaranteed by Park and certain subsidiaries of the Operating Company that guarantee the Company’s senior credit facilities and existing senior secured notes due 2025. The Notes will be secured, subject to permitted liens, by a first priority security interest in all of the capital stock of certain wholly owned subsidiaries of certain of the guarantors and PK Domestic LLC, which collateral also secures the obligations under the Company’s senior credit facilities and existing senior secured notes due 2025 on a first priority basis.

  • Park Hotels & Resorts Inc. Announces Senior Secured Notes Offering
    Business Wire

    Park Hotels & Resorts Inc. Announces Senior Secured Notes Offering

    Park Hotels & Resorts Inc. ("Park" or the "Company") (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the "Operating Company"), PK Domestic Property LLC ("PK Domestic LLC") and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the "Issuers"), intend to offer $650 million aggregate principal amount of senior secured notes due 2028 (the "Notes"). The Notes will be guaranteed by Park and certain subsidiaries of the Operating Company that guarantee the Company’s senior credit facilities and existing senior secured notes due 2025. The Issuers intend to use the proceeds of the offering to repay the Company’s existing $631 million term loan maturing in December 2021 in full and will use any remaining proceeds to repay amounts outstanding under the Company’s revolving credit facility.