secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT INTERNATIONAL INC /MD/ (MAR)
CIK:        0001048286
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001193125-24-042833
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048286/000119312524042833/0001193125-24-042833-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048286/000119312524042833/d765486d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-042833

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer