Simpson Thacher Represents Underwriters in $850 Million Notes Offering by Marriott
03.08.19
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Simpson Thacher represented the underwriters, led by Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC, in connection with an offering by Marriott International, Inc. (NASDAQ: MAR) of $300 million aggregate principal amount of Floating Rate Series BB Notes due 2021 and $550 million aggregate principal amount of 3.6% Series CC Notes due 2024. The notes were sold in a registered public offering, which closed on March 8, 2019.
Marriott is the world’s largest hotel company, based in Bethesda, Maryland, with more than 6,900 properties in 130 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts.
The Simpson Thacher team for the transaction included John C. Ericson and Teresa Chen (Capital Markets); Genevieve Dorment (Intellectual Property); Kelli Rivers (Tax); Monisha Bhayana (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).