AI English summary of an SEC filing — figures as filed
Marriott International MARMarriott International entered into a Terms Agreement with underwriters on August 18, 2025 to issue 4.200% Series TT Notes in the aggregate principal amount of $400,000,000, 4.500% Series UU Notes in the aggregate principal amount of $500,000,000, and 5.250% Series VV Notes in the aggregate principal amount of $600,000,000, the company said. It issued the Notes on August 20, 2025.
Key points
AI summaryMarriott International entered into a Terms Agreement with underwriters on August 18, 2025 to issue 4.200% Series TT Notes in the aggregate principal amount of $400,000,000, 4.500% Series UU Notes in the aggregate principal amount of $500,000,000, and 5.250% Series VV Notes in the aggregate principal amount of $600,000,000, the company said. It issued the Notes on August 20, 2025.
Marriott said net proceeds from the offering are approximately $1.477 billion, after deducting the underwriting discount and estimated expenses. The company said it intends to use the net proceeds for general corporate purposes, which may include working capital, capital expenditures, acquisitions, stock repurchases or repayment of outstanding indebtedness.
The Series TT Notes will mature on July 15, 2027, the Series UU Notes will mature on October 15, 2031, and the Series VV Notes will mature on October 15, 2035, Marriott said. Interest on the Series TT Notes will be paid on January 15 and July 15 of each year, commencing on January 15, 2026, and interest on the Series UU Notes and Series VV Notes will be paid on April 15 and October 15 of each year, commencing on April 15, 2026.
The company issued the Notes under an indenture dated November 16, 1998 with The Bank of New York Mellon as trustee, Marriott said. It filed a Prospectus Supplement under its Registration Statement on Form S-S-3 (Registration No. 333-277039), and the company said it may redeem the Notes, in whole or in part, at its option.
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.
3 Series Notes Offering: Series TT, UU and VV Notes
Marriott International entered into a Terms Agreement with underwriters on August 18, 2025 to issue 4.200% Series TT Notes in the aggregate principal amount of $400,000,000, 4.500% Series UU Notes in the aggregate principal amount of $500,000,000, and 5.250% Series VV Notes in the aggregate principal amount of $600,000,000, the company said. It issued the Notes on August 20, 2025.
Source · Based on the filing body and exhibits
Net Proceeds of Approximately $1.477 billion and Use of Proceeds
Marriott said net proceeds from the offering are approximately $1.477 billion, after deducting the underwriting discount and estimated expenses. The company said it intends to use the net 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
Maturity Dates and Interest Payment Schedules by Series
The Series TT Notes will mature on July 15, 2027, the Series UU Notes will mature on October 15, 2031, and the Series VV Notes will mature on October 15, 2035, Marriott said. Interest on the Series TT Notes will be paid on January 15 and July 15 of each year, commencing on January 15, 2026, and interest on the Series UU Notes and Series VV Notes will be paid on April 15 and October 15 of each year, commencing on April 15, 2026.
Source · Based on the filing body and exhibits
Indenture and Registration Documents and Redemption Option
The company issued the Notes under an indenture dated November 16, 1998 with The Bank of New York Mellon as trustee, Marriott said. It filed a Prospectus Supplement under its Registration Statement on Form S-S-3 (Registration No. 333-277039), and the company said it may redeem the Notes, in whole or in part, at its option.
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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