Marriott International issues $800M of 4.900% Notes due 2029 for general corporate purposes

MARRIOTT INTERNATIONAL INC /MD/

Issued $800M aggregate principal of 4.900% Series KK Notes due April 15, 2029.
Net proceeds of approximately $783M after underwriting discount and expenses.
Interest payable semi-annually on April 15 and October 15, beginning Oct 15, 2023.
Proceeds to be used for general corporate purposes, including acquisitions, stock repurchases, or debt repayment.
Notes are redeemable at Marriott's option under specified terms.

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