debt
confidence high
sentiment neutral
materiality 0.60
Marriott issues $1.25B in senior notes: $250M 4.875% due 2029, $1B 5.650% due 2036
MARRIOTT INTERNATIONAL INC /MD/
- Issued $250M of 4.875% Series NN Notes due 2029 and $1B of 5.650% Series YY Notes due 2036 on Aug 13, 2026.
- Net proceeds ~$1.233B after underwriting discount and expenses; for general corporate purposes incl. capex, acquisitions, buybacks, debt repayment.
- Series NN Notes are an additional issuance to the existing $500M 4.875% Series NN Notes due 2029 issued Feb 2024, forming a single series.
- Interest on Series NN paid May 15/Nov 15 starting Nov 15, 2026; Series YY paid Mar 15/Sep 15 starting Mar 15, 2027.