secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT INTERNATIONAL INC /MD/ (MAR)
CIK:        0001048286
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0001193125-23-236173
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marriott issues $1.15B in notes: $450M 5.45% due 2026, $700M 5.55% due 2028
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- Issued $450M aggregate principal of 5.450% Series LL Notes due Sept 15, 2026.
- Issued $700M aggregate principal of 5.550% Series MM Notes due Oct 15, 2028.
- Net proceeds of ~$1.135B received on Sept 15, 2023 after underwriting discount and expenses.
- Proceeds to be used for general corporate purposes, including working capital, capex, acquisitions, buybacks, or debt repayment.
- Notes issued under existing indenture; interest payable semi-annually starting March/April 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048286/000119312523236173/0001193125-23-236173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048286/000119312523236173/d518093d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-236173

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