Marriott International Inc.
Marriott International Announces Issuance of $2.0 Billion in Notes
Summary
On February 24, 2025, Marriott International, Inc. announced the issuance of $500 million in 5.100% Series RR Notes due 2032 and $1.5 billion in 5.500% Series SS Notes due 2037, totaling $2.0 billion. The net proceeds of the offering, approximately $1.960 billion, will be used for general corporate purposes, including working capital, capital expenditures, acquisitions, stock repurchases, or repayment of outstanding indebtedness. The notes were issued under an indenture dated November 16, 1998, and the issuance is part of Marriott's Registration Statement on Form S-3.
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About Marriott International Inc.
Marriott International Inc. is a leading multinational hospitality company renowned for its vast portfolio of lodging facilities. Serving an array of customers, from leisure travelers to business executives, its primary function is to provide accommodations, amenities, and services across various hotel brands and segments. Marriott operates numerous well-known brands, including Marriott Hotels, The Ritz-Carlton, Westin, and Courtyard by Marriott, catering to diverse market needs from luxury to budget-friendly stays. The company plays a significant role in the hospitality industry, influencing global travel and tourism standards through innovation and dedication to customer experience. Headquartered in Bethesda, Maryland, Marriott International's expansive reach and impactful collaborations across different regions underline its importance in the financial market, offering a window into global travel trends and economic health.
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