HST · 8-K · 20261104PR000152

Liquidity and Debt Position

HOST HOTELS & RESORTS, INC. · 2026-11-04 · Importance 46 · Surprise 42 · In source text

After quarter-end, Host amended and restated its $2.5 billion credit facility, extending the $1.5 billion revolver and two $500 million term loans to January 2031, January 2031, and January 2032, respectively; extension options could align all maturities at January 2032. The amendment expanded the accordion feature to $1.25 billion and reduced pricing by 12.5 basis points on revolver draws, 15 basis points on term loans, and 5 basis points on the facility fee, while retaining sustainability-linked pricing incentives. Following the recast, debt had a 5.2-year weighted average maturity and a 4.8% weighted average interest rate; the company reported approximately $3.1 billion of available liquidity at September 30, 2026.

Key facts

• Host amended and restated its $2.5 billion credit facility, extending the $1.5 billion revolver maturity to January 2031 and the two $500 million term loan maturities to January 2031 and January 2032; extension options could align all maturities at January 2032. source
• The amended credit facility increased its accordion feature to $1.25 billion and reduced pricing by 12.5 basis points on revolver draws, 15 basis points on term loans, and 5 basis points on the facility fee. source
• Host Hotels & Resorts forecasts full-year 2026 interest expense of $243 million. source
• At September 30, 2026, Host had $12.8 billion of total assets and $5.1 billion of debt, with a 4.4-year weighted average maturity, 4.8% weighted average interest rate, and no significant maturities until December 2028. source
• At September 30, 2026, Host had approximately $3.1 billion of available liquidity, including $157 million of FF&E escrow reserves and $1.5 billion available under its revolver. source
• After the subsequent acquisitions and third-quarter dividend payment, Host’s estimated adjusted cash and cash equivalents were $991 million. source
• After the credit facility recast, Host’s debt had a weighted average maturity of 5.2 years and weighted average interest rate of 4.8%. source

Impact estimates