Financing ·
Marriott International, Inc. issued $1.25 billion in aggregate principal amount of senior unsecured notes on August…
MARMarriott International Inc
Marriott International, Inc. issued $1.25 billion in aggregate principal amount of senior unsecured notes on August 13, 2026, raising approximately $1.233 billion in net proceeds after deducting underwriting discounts and expenses. The offering consists of $250 million of 4.875% Series NN Notes due May 15, 2029, which constitute an additional issuance within the existing series established in February 2024, and $1 billion of 5.650% Series YY Notes due September 15, 2036. Interest on the Series NN Notes is payable semi-annually on May 15 and November 15, commencing November 15, 2026, while interest on the Series YY Notes is payable semi-annually on March 15 and September 15, commencing March 15, 2037. The company intends to use the net proceeds for general corporate purposes, including working capital, capital expenditures, acquisitions, stock repurchases, or repayment of outstanding indebtedness. Marriott International operates in the hospitality industry, managing and franchising a global portfolio of hotels and resorts.