AI English summary of an SEC filing — figures as filed
Marriott International MAROn February 18, 2026, Marriott International entered into a Terms Agreement to issue $600,000,000 aggregate principal amount of 4.500% Series WW Notes due 2033 and $850,000,000 aggregate principal amount of 5.100% Series XX Notes due 2038. The company issued the Notes on February 20.
Key points
AI summaryOn February 18, 2026, Marriott International entered into a Terms Agreement to issue $600,000,000 aggregate principal amount of 4.500% Series WW Notes due 2033 and $850,000,000 aggregate principal amount of 5.100% Series XX Notes due 2038. The company issued the Notes on February 20.
Marriott said net proceeds of the offering are approximately $1.425 billion, after deducting the underwriting discount and estimated expenses of the offering. 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 company said it will pay interest on both Notes on May 1 and November 1 of each year, with the first payment on November 1, 2026. The Series WW Notes will mature on May 1, 2033 and the Series XX Notes will mature on May 1, 2038.
Marriott entered into the Terms Agreement with Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Fifth Third Securities, Inc., Goldman Sachs & Co. LLC and other underwriters. The Terms Agreement incorporates by reference the Underwriting Agreement General Terms and Provisions dated March 3, 2021.
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.
Series WW Notes and Series XX Notes Issuance
On February 18, 2026, Marriott International entered into a Terms Agreement to issue $600,000,000 aggregate principal amount of 4.500% Series WW Notes due 2033 and $850,000,000 aggregate principal amount of 5.100% Series XX Notes due 2038. The company issued the Notes on February 20.
Source · Based on the filing body and exhibits
Net Proceeds and Use of Funds
Marriott said net proceeds of the offering are approximately $1.425 billion, after deducting the underwriting discount and estimated expenses of the offering. 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
Interest Payment Schedule and Maturity
The company said it will pay interest on both Notes on May 1 and November 1 of each year, with the first payment on November 1, 2026. The Series WW Notes will mature on May 1, 2033 and the Series XX Notes will mature on May 1, 2038.
Source · Based on the filing body and exhibits
Underwriters and Incorporation of Existing Agreement Terms
Marriott entered into the Terms Agreement with Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Fifth Third Securities, Inc., Goldman Sachs & Co. LLC and other underwriters. The Terms Agreement incorporates by reference the Underwriting Agreement General Terms and Provisions dated March 3, 2021.
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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