News Column

Carlson Announces Offering of $360 Million of Senior PIK Toggle Notes

June 22, 2014



MINNEAPOLIS--(BUSINESS WIRE)-- Carlson, a global hospitality and travel company, today announced an offering by Carlson Travel Holdings, Inc. (CTH) of approximately $360 million of Senior PIK Toggle Notes due in 2019 (the “Notes”). The net proceeds of the offering will be used to partially finance the acquisition from JPMorgan Chase & Co. of the 45 percent equity interest it holds in Carlson Wagonlit Travel (CWT). As a result of this acquisition, Carlson will own 100 percent of CWT.

This document is neither an offer of securities for sale nor the solicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities described herein may not be offered or sold in the United States unless they are registered or exempt from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Notes have not been and will not be registered under the Securities Act and CWT does not intend to make a public offer of its securities in the United States.




Carlson

Ben Gardeen, +1 763-212-8129

bgardeen@carlson.com


Source: Carlson


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Source: Business Wire


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