The Wall Street Journal reported that institutional investors will best remember 2013 as a year of record gains, as buoyant markets facilitated IPOs and debt deals that paid hefty dividends.
Hilton Worldwide
Breaking News
The big debuts of returnees Hilton Worldwide and Aramark signaled their turnaround from firms that had been controlled by private equity firms to partially-independent companies.
On Wednesday, Hilton Worldwide said it would start marketing a high yield bond valued USD3.25 billion on Thursday as a part of the company's refinancing ahead of its IPO.
According to a report by Reuters, sources said that Hilton Worldwide came up with its pricing terms on its USD5.85 billion refinancing credit that would be used to finance debt that would arise from its public offer.
A Securities and Exchange Commission filing today revealed that Hilton Worldwide applied for a USD 1.25 billion IPO.
Sources said Hilton Worldwide was preparing for a debt refinancing package worth USD 12 billion before its IPO next year.
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