Simpson Thacher Represents Underwriters in $1.6 Billion Notes Offering by Marriott
04.17.20
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Simpson Thacher represented the underwriters, led by BofA Securities, Inc. and J.P. Morgan Securities LLC, in connection with an offering by Marriott International, Inc. (“Marriott”) (NASDAQ: MAR) of $1.6 billion aggregate principal amount of 5.75% Series EE Notes due 2025. The notes were sold in a registered public offering, which closed on April 16, 2020.
Marriott, based in Bethesda, Maryland, encompasses a portfolio of more than 7,300 properties under 30 leading brands spanning 134 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world.
The Simpson Thacher team for the transaction included John C. Ericson and Pinto Adhola (Capital Markets); Genevieve Dorment (Intellectual Property); Jonathan Cantor and Kelli Rivers (Tax); Monisha Bhayana (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).