Simpson Thacher represented the underwriters in an offering by Marriott International, Inc. (NASDAQ: MAR) of $1.15 billion aggregate principal amount of Notes, consisting of $450 million aggregate principal amount of 5.450% Series LL Notes due 2026 and $700 million aggregate principal amount of 5.550% Series MM Notes due 2028. The notes were sold in a registered public offering, which closed on September 15, 2023.
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, Joann Kim and Erin Camia (Capital Markets); Mark Natividad (Intellectual Property); Jonathan Cantor, Kris Liu and Michael Slomovics (Tax); Jeanne Annarumma and Charles Pfeifer (Executive Compensation and Employee Benefits); Noreen Lavan (Environmental); and Jennie Getsin (FINRA and Blue Sky).