December 3, 2012

Starwood Hotels & Resorts Enters into New Credit Facility with a $1.75 Billion Revolving Loan Commitment

(Stamford/Connectricut, USA – 3 December 2012) Starwood Hotels & Resorts Worldwide Inc. announced that it has closed a new $1.75 billion Senior Credit Facility (the “New Facility”) on November 30, 2012. The New Facility matures on February 28, 2018, or such later date as may be adjusted from time to time, and replaces the existing $1.5 billion Credit Agreement (the “Existing Facility”) which would have matured on November 15, 2013.

The New Facility enhances the Company’s financial flexibility and is expected to be used for general corporate purposes. The $1.75 billion multi-currency revolving loan commitment was provided by a syndicate of 27 banks, including JPMorgan Chase Bank, N.A., Citigroup Global Markets Inc., Bank of America, N.A., HSBC Bank USA, National Association, and Wells Fargo Bank, National Association, as Lead Arrangers.

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