debt
confidence high
sentiment neutral
materiality 0.40
Marriott issues $2B in senior notes: $500M 5.100% due 2032, $1.5B 5.500% due 2037
MARRIOTT INTERNATIONAL INC /MD/
- Issued $500M 5.100% Series RR Notes due 2032 and $1.5B 5.500% Series SS Notes due 2037.
- Net proceeds of approximately $1.96B after underwriting discount and expenses.
- Proceeds for general corporate purposes, which may include acquisitions, stock repurchases, or debt repayment.
- Interest payable semi-annually on April 15 and October 15, starting October 15, 2025.
- Notes issued under indenture with BNY Mellon; offering dated February 24, 2025 and closed February 26, 2025.