Reuters logo
BRIEF-Hilton grand vacations indirect subsidiary drew down $300 mln under receivables loan agreement
December 23, 2016 / 9:52 PM / 9 months ago

BRIEF-Hilton grand vacations indirect subsidiary drew down $300 mln under receivables loan agreement

Dec 23 (Reuters) - Hilton Worldwide Holdings Inc

* Remaining $70 million of proceeds will be distributed to Hilton parent prior to consummation of spin-off of Co from Hilton parent

* On Dec 19, indirect subsidiary drew down $300 million under receivables loan agreement, dated as of May 9, 2013 - SEC filing

* About $230 million of proceeds used to repay intercompany debt owed by Co, units to certain units of Hilton Worldwide Holdings Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below