Blackstone tries to restructure Hilton's $20 billion debt
Blackstone Group is trying to scale back the debt service on its single biggest investment, Hilton Worldwide. One of the options being talked about is Blackstone putting in as much as $800 million of new equity to buy back some of Hilton's debt at a discount. Blackstone aims to trim about $5 billion from the Hilton Worldwide debt, The Wall Street Journal reported, quoting people familiar with the matter.
Wall Street Journal, The | 10/28
This story published in AH&LA SmartBrief on 10/28/2009
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