A bond offering linked to the buyout of Hilton Worldwide Inc. was slashed in size as investors demanded additional yield to buy the securities.
The unrated Hilton sale, backed by interest in all of the assets of the hotel chain, was trimmed to $1.56 billion, according to people familiar with the transaction who declined to be identified because terms aren’t public. Bank of America Corp. and Goldman Sachs Group Inc. earlier marketed $2.66 billion of the bonds, people familiar with the transaction said Oct. 25.
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