secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT INTERNATIONAL INC /MD/ (MAR)
CIK:        0001048286
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001193125-24-198910
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 senior notes: $500M at 4.800% due 2030, $1B at 5.350% due 2035
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- Issued $500M 4.800% Series PP Notes due 2030 and $1B 5.350% Series QQ Notes due 2035.
- Net proceeds of ~$1.48B after underwriting discount and expenses.
- Proceeds for general corporate purposes including working capital, capex, acquisitions, buybacks, or debt repayment.
- Interest payable semi-annually on March 15 and September 15 starting March 15, 2025.
- Notes are redeemable at Marriott's option under terms in the applicable Form of Note.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048286/000119312524198910/0001193125-24-198910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048286/000119312524198910/d636446d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-198910

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