Blackstone slices $4bn off Hilton debt
The New York-based fund manager has helped Hilton buy back $1.8bn of debt and convert $2.1bn of junior mezzanine debt into preferred equity. The company now has $16bn of debt due 2015.
The New York-based fund manager has helped Hilton buy back $1.8bn of debt and convert $2.1bn of junior mezzanine debt into preferred equity. The company now has $16bn of debt due 2015.
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