The company said it entered into a Terms Agreement on February 20, 2024 to issue $500,000,000 aggregate principal amount of its 4.875% Series NN Notes due 2029.

1. 01

   The company said it entered into a Terms Agreement on February 20, 2024 to issue $500,000,000 aggregate principal amount of its 4.875% Series NN Notes due 2029.

2. 02

   Under the same Terms Agreement, Marriott International said it will issue $1,000,000,000 aggregate principal amount of its 5.300% Series OO Notes due 2034.

3. 03

   The company said it received net proceeds of about $1.468 billion from the offering of the Notes on February 22, 2024, after deducting the underwriting discount and estimated offering expenses. It said it intends to use the proceeds for general corporate purposes, including working capital, capital expenditures, acquisitions, stock repurchases or repayment of outstanding indebtedness.

4. 04

   The company said both series of Notes will pay interest on May 15 and November 15 each year, with the first interest payment date on May 15, 2024. The Series NN Notes will mature on May 15, 2029, and the Series OO Notes will mature on May 15, 2034.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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