 TYSONS, Va., May 11, 2021 GLOBE NEWSWIRE -- Park Hotels Resorts Inc. Park or the Company NYSE: PK announced today that certain of its subsidiaries, Park Intermediate Holdings LLC the Operating Company, PK Domestic Property LLC PK Domestic LLC and PK Finance Co-Issuer Inc. together with the Operating Company and PK Domestic LLC, the Issuers, intend to offer 650 million aggregate principal amount of senior secured notes due 2029 the Notes. The Notes will be guaranteed by Park and certain subsidiaries of the Operating Company that guarantee the Companys senior credit facilities and existing senior secured notes due 2025 and 2028. The Issuers intend to use the proceeds of the offering to repay a portion of the amounts outstanding under the Companys revolving credit facility and to repay a portion of the Companys term loan facility entered into in 2019 and maturing in August 2024. 