Simpson Thacher Represents Underwriters in $550 Million Notes Offering by Marriott
10.04.19
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Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC and U.S. Bancorp Investments, Inc., in connection with an offering by Marriott International, Inc. (NASDAQ: MAR) of $550 million aggregate principal amount of 2.125% Series DD Notes due 2022. The notes were sold in a registered public offering, which closed on October 3, 2019.
Marriott is the world’s largest hotel company, based in Bethesda, Maryland, with more than 7,100 properties in 132 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts.
The Simpson Thacher team for the transaction included John C. Ericson, Kirsten Harmon and Pinto Adhola (Capital Markets); Genevieve Dorment (Intellectual Property); Kelli Rivers (Tax); Monisha Bhayana (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).