Marriott International (MAR) has released an update.
Marriott International, Inc. has successfully issued $1.5 billion in aggregate principal amount of its 4.875% and 5.300% notes, which are set to mature in 2029 and 2034 respectively. The company secured approximately $1.468 billion in net proceeds from this offering, earmarked for general corporate activities including potential acquisitions, capital expenditures, or debt repayment. Interest payments for these notes will be made semi-annually starting May 15, 2024. Marriott also retains the option to redeem these notes before maturity under specified terms.
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