debt
confidence high
sentiment positive
materiality 0.50
Marriott increases debt tender offer to $1B, accepts $1B of Series EE Notes at 89.4% proration
MARRIOTT INTERNATIONAL INC /MD/
- Increased maximum principal of cash tender offer from $800M to $1,000M.
- Accepting $1B of 5.750% Series EE Notes (89.4% proration); no Series P or V Notes accepted.
- Early settlement expected Sept 23; new $700M 2.750% Series II Notes due 2033 issued.
- Offer oversubscribed; withdrawal rights expired Sept 21.