Host Hotels & Resorts, L.P. filed a Form 8-K on October 21, 2026, disclosing an amendment and restatement of its existing senior unsecured bank credit facility, replacing three tranches scheduled to mature in 2027 and 2028 with new facilities carrying maturities extending to 2031 and 2032.

Key Highlights

  • Three tranches refinanced: A $1,500,000,000 revolving credit facility, a $500,000,000 Term A-1 Facility, and a $500,000,000 Term A-2 Facility were each replaced in the same committed or principal amounts.
  • Extended maturities: The Revolver and Term A-1 Facility mature January 15, 2031, with extension options of up to one year; the Term A-2 Facility matures January 15, 2032 with no extension option.
  • Outstanding balances at signing: As of October 21, 2026, Host LP had $500,000,000 outstanding under each of the Term A-1 and Term A-2 Facilities, and no amounts outstanding under the Revolver other than existing letters of credit.
  • Interest rate benchmark: All U.S. Dollar borrowings bear interest based on SOFR or a base rate plus a margin that varies according to Host LP's unsecured long-term debt rating.
  • Future expansion option: Host LP may add up to $1,250,000,000 of additional commitments in the future, subject to obtaining additional loan commitments and satisfying specified conditions.
  • Sustainability pricing feature continued: The restatement retains an existing sustainability pricing adjustment tied to green building certifications and renewable electricity use across consolidated properties.

Host Hotels & Resorts Replaces Three Credit Tranches in October 2026 Restatement

According to the filing, Host Hotels & Resorts, L.P. ("Host LP"), a Delaware limited partnership for which Host Hotels & Resorts, Inc. ("Host Inc.") serves as sole general partner, entered into an amendment and restatement of its senior unsecured bank credit facility on October 21, 2026. The restatement replaced an existing revolving credit facility tranche of $1,500,000,000 and two term loan facility tranches of $500,000,000 each, all in the same committed or principal amounts, with new facilities under revised terms.

The filing discloses that interest rate margins on Revolver borrowings range from 65 to 135 basis points for SOFR-based borrowings and from zero to 35 basis points for base rate borrowings, while the New Term Facilities carry margins ranging from 70 to 155 basis points for SOFR borrowings or zero to 55 basis points for base rate borrowings. The Revolver also carries a facility fee on the total commitment amount ranging from 10 to 30 basis points, according to the filing. A new leverage-based pricing adjustment reduces applicable margins and fees when Host LP's leverage ratio does not exceed 4.00:1.00.

The restatement, as described in the filing, includes financial covenants substantially the same as those under the existing credit agreement. These require, as of the end of each fiscal quarter, that the fixed charge coverage ratio be no less than 1.25:1.00, that the leverage ratio not exceed 7.25:1.00, and that the unsecured interest coverage ratio be no less than 1.75:1.00 if the leverage ratio is below 7.00:1.00 or 1.50:1.00 if it equals or exceeds 7.00:1.00. The filing also notes that the restatement includes a foreign currency subfacility of up to the equivalent of $500,000,000, swingline and letter of credit subfacilities of up to $100,000,000 each, and no required scheduled amortization payments prior to the applicable maturity dates. The restatement was filed as Exhibit 10.1 to the Form 8-K. The company's common stock is listed on NASDAQ:HST.

What Was Disclosed

Host Hotels & Resorts, L.P. disclosed the October 21, 2026, amendment and restatement of its senior unsecured bank credit facility, replacing three existing tranches totaling $2,500,000,000 in combined committed and principal amounts with new facilities extending maturities to 2031 and 2032 under revised pricing terms.