AI English summary of an SEC filing — figures as filed
Marriott International MARThe company entered into a Terms Agreement with February 24, 2025 underwriters to issue $500,000,000 of 5.100% Series RR Notes due 2032 and $1,500,000,000 of 5.500% Series SS Notes due 2037.
Key points
AI summaryThe company entered into a Terms Agreement with February 24, 2025 underwriters to issue $500,000,000 of 5.100% Series RR Notes due 2032 and $1,500,000,000 of 5.500% Series SS Notes due 2037.
Marriott International said it issued the Notes on February 26, 2025. It said net proceeds after deducting the underwriting discount and estimated offering expenses were approximately $1.960 billion. The company said it intends to use the proceeds for general corporate purposes, which may include working capital, capital expenditures, acquisitions, stock repurchases or repayment of outstanding indebtedness.
Marriott International said interest on both the Series RR Notes and the Series SS Notes is payable on April 15 and October 15 each year, with the first payment on October 15, 2025. The Series RR Notes mature on April 15, 2032, and the Series SS Notes mature on April 15, 2037.
Marriott International said it issued the Notes under an indenture dated as of November 16, 1998 with The Bank of New York Mellon as trustee, and filed a prospectus supplement dated February 24, 2025 as part of its Form S-3 registration statement. The company said it is filing the Terms Agreement and other documents as exhibits to this report to incorporate them into the registration statement.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Terms of Series RR Notes and Series SS Notes
The company entered into a Terms Agreement with February 24, 2025 underwriters to issue $500,000,000 of 5.100% Series RR Notes due 2032 and $1,500,000,000 of 5.500% Series SS Notes due 2037.
Source · Based on the filing body and exhibits
Net Proceeds of About $1.960 billion and Use
Marriott International said it issued the Notes on February 26, 2025. It said net proceeds after deducting the underwriting discount and estimated offering expenses were approximately $1.960 billion. The company said it intends to use the proceeds for general corporate purposes, which may include working capital, capital expenditures, acquisitions, stock repurchases or repayment of outstanding indebtedness.
Source · Based on the filing body and exhibits
Interest Payment Schedule and Maturity Dates
Marriott International said interest on both the Series RR Notes and the Series SS Notes is payable on April 15 and October 15 each year, with the first payment on October 15, 2025. The Series RR Notes mature on April 15, 2032, and the Series SS Notes mature on April 15, 2037.
Source · Based on the filing body and exhibits
Existing Indenture and Form S-3 Registration Documents
Marriott International said it issued the Notes under an indenture dated as of November 16, 1998 with The Bank of New York Mellon as trustee, and filed a prospectus supplement dated February 24, 2025 as part of its Form S-3 registration statement. The company said it is filing the Terms Agreement and other documents as exhibits to this report to incorporate them into the registration statement.
Source · Based on the filing body and exhibits
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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