Hyatt Announces Pricing of Senior Notes

Hyatt Hotels

today announced the pricing of its public offering of $350 million principal amount of 3.375% senior notes due 2023. Hyatt intends to use the net proceeds from the offering to pay the redemption price in connection with the redemption of the full $250 million aggregate principal amount of its 5.750% Senior Notes due 2015 and to purchase any and all of its $250 million aggregate principal amount outstanding of 6.875% Senior Notes due 2019 tendered in the previously announced cash tender offer, plus accrued and unpaid interest on the existing notes, and any tender premiums and related fees and expenses. If the cash tender offer is not completed, or there are any remaining net proceeds that are not so applied, then Hyatt will use the remaining proceeds from this offering for general corporate purposes. The offering is being made pursuant to an automatically effective registration statement filed with the Securities and Exchange Commission and available at no charge on the SEC's website at www.sec.gov. This press release shall not constitute a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. Goldman, Sachs & Co., J.P. Morgan Securities LLC and SunTrust Robinson Humphrey, Inc. are acting as joint book-running managers for the offering. Electronic copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained from the joint book-running managers by contacting: Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: +1(866) 471-2526 or by emailing prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: High Grade Syndicate Desk, 3rd Floor, telephone collect +1(212) 834-4533; or SunTrust Robinson Humphrey, Inc., Attention: Prospectus Department, 3333 Peachtree Rd. NE, Atlanta, Georgia 30326, Telephone: 1-800-685-4786.