 TYSONS, Va., May 14, 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, completed the previously announced offering of 750 million aggregate principal amount of 4.875 senior secured notes due 2029 the Notes. The Notes will pay interest semi-annually in arrears, at a rate of 4.875 per year, and will mature on May 15, 2029. The Notes are 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 Notes are secured, subject to permitted liens, by a first priority security interest in all of the capital stock of certain wholly owned subsidiaries of certain of the guarantors and PK Domestic LLC, which collateral also secures the obligations under the Companys senior credit facilities and existing senior secured notes due 2025 and 2028 on a first priority basis. 