debt
confidence high
sentiment neutral
materiality 0.60
Marriott issues $1.45B in senior notes: $600M 4.500% due 2033, $850M 5.100% due 2038
MARRIOTT INTERNATIONAL INC /MD/
- Issued $600M 4.500% Series WW Notes due 2033 and $850M 5.100% Series XX Notes due 2038.
- Net proceeds ~$1.425B after underwriting discount and expenses.
- Proceeds for general corporate purposes including working capital, capex, acquisitions, share repurchases, or debt repayment.
- Interest payable semi-annually on May 1 and Nov 1 starting Nov 1, 2026.