Marriott International Issues New Debt

Details

issued $250,000,000 aggregate principal amount of 4.875% Series NN Notes due 2029 and $1,000,000,000 aggregate principal amount of 5.650% Series YY Notes due 2036. The net proceeds from the offering are approximately $1.233 billion, which the company intends to use for general corporate purposes. The Series NN Notes will mature on May 15, 2029, and the Series YY Notes will mature on September 15, 2036.

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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.