Marriott issues $1.5B in two tranches: $500M 4.875% notes due 2029, $1B 5.3% notes due 2034

MARRIOTT INTERNATIONAL INC /MD/

Issued $500M of 4.875% Series NN Notes due 2029 and $1B of 5.300% Series OO Notes due 2034.
Net proceeds of approximately $1.468B received on Feb 22, 2024.
Proceeds for general corporate purposes including capex, acquisitions, stock repurchases, or debt repayment.
Interest payable semi-annually starting May 15, 2024.
Notes issued under indenture with Bank of New York Mellon; redeemable at Marriott's option.

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