Marriott International announced the issuance of two series of senior notes totaling $1.25 billion in aggregate principal amount. The offering consists of $250 million of 4.875% Series NN Notes due 2029 and $1.0 billion of 5.650% Series YY Notes due 2036. The company estimates net proceeds of approximately $1.233 billion from the sale.
Key Details
- Offering Breakdown: The issuance includes $250 million of 4.875% Series NN Notes maturing on May 15, 2029, and $1.0 billion of 5.650% Series YY Notes maturing on September 15, 2036.
- Net Proceeds & Use: The company received net proceeds of approximately $1.233 billion after underwriting discounts and expenses. The funds are intended for general corporate purposes, which may include working capital, capital expenditures, acquisitions, stock repurchases, or debt repayment.
- Timeline: The agreement with underwriters was made on August 11, 2026, and the notes were officially issued on August 13, 2026.