Simpson Thacher Represents Dealer Managers in Tender Offers by Marriott International
06.25.20
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The Firm recently represented the dealer managers in connection with tender offers by Marriott International, Inc. (NASDAQ: MAR) to purchase for cash its outstanding 2.3% Series Q Notes due 2022, 3.25% Series L Notes due 2022, 2.125% Series DD Notes due 2022 and 3.125% Series N Notes due 2021, subject to the conditions of the offers. Following the expiration of the tender offers, Marriott accepted for purchase approximately $853 million aggregate principal amount of the notes.
Marriott International is one of the world’s leading lodging companies. Marriott International is a worldwide operator, franchisor and licensor of hotel, residential and timeshare properties under numerous brand names at different price and service points.
The Simpson Thacher team for the transaction included John C. Ericson and Evan Zuckerman (Capital Markets); and Jonathan Cantor and Kelli Rivers (Tax).