Item 8.01. Other Events.
On November 10, 2020, Host Hotels & Resorts, L.P. ("Host L.P."), for whom Host
Hotels & Resorts, Inc. acts as sole general partner, gave notice that it intends
to redeem all of the $86,315,000 outstanding Series C senior notes. The
redemption date for the Series C senior notes is December 10, 2020 (the
"Redemption Date"), pursuant to an irrevocable notice delivered by The Bank of
New York Mellon, as trustee, on Host L.P.'s behalf on November 10, 2020.
The Series C senior notes were issued pursuant to the Forty-Third Supplemental
Indenture, dated as of August 9, 2012 (the "Forty-Third Supplemental
Indenture"), to Host L.P.'s Amended and Restated Indenture, dated as of
August 5, 1998. Under the terms of the Series C senior notes,
the redemption price will be (a) 100.000% of the principal amount thereof plus
(b) the Make-Whole Premium (as defined in the Forty-Third Supplemental
Indenture) plus (c) accrued and unpaid interest thereon to, but not including,
the Redemption Date.
In this Current Report on Form 8-K, we make forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are identified by their use of terms and phrases such
as "anticipate," "believe," "could," "expect," "may," "intend," "predict,"
"project," "plan," "will," "estimate" and other similar terms and phrases.
Forward-looking statements are based on management's current expectations and
assumptions and are not guarantees of future performance. Forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause our actual results to differ materially from those anticipated
at the time the forward-looking statements are made. These risks and
uncertainties include the potential impact of COVID-19 and other risks and
uncertainties associated with our business described in our Annual Report on
Form 10-K for the year ended December 31, 2019, our Quarterly Reports on Form
10-Q and in other filings with the Securities and Exchange Commission. Although
we believe the expectations reflected in such forward-looking statements are
based upon reasonable assumptions, we can give no assurance that we will attain
these expectations or that any deviations will not be material. Except as
otherwise required by the federal securities laws, we disclaim any obligations
or undertaking to publicly release updates to any forward-looking statement
contained in this report to conform the statement to actual results or changes
in our expectations.
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