Marriott Prices $1.45 Billion Senior Notes Offering

summarizeSummary

Marriott International, Inc. finalized the terms for a $1.45 billion offering of senior notes across two series, strengthening its capital structure.

check_boxKey Events

• Finalizes Debt Offering Terms

  Marriott priced two series of senior notes totaling $1.45 billion, with $600 million at 4.500% due 2033 and $850 million at 5.100% due 2038.

• Investment Grade Ratings

  The notes received anticipated investment-grade ratings of Baa2 from Moody's and BBB from S&P, reflecting the company's strong credit profile.

• Substantial Capital Raise

  This significant debt issuance enhances the company's financial flexibility and liquidity.

auto_awesomeAnalysis

This Free Writing Prospectus finalizes the pricing and terms for Marriott International's previously announced debt offering, following the preliminary prospectus supplement filed today. The company is raising a substantial $1.45 billion through two series of senior notes: $600 million at 4.500% due 2033 and $850 million at 5.100% due 2038. The notes carry anticipated investment-grade ratings (Baa2/BBB), indicating strong creditworthiness. This capital raise provides significant financial flexibility and liquidity for the company, which is trading near its 52-week high, suggesting a favorable market environment for debt issuance.