Simpson Thacher Represents Underwriters in $1.5 Billion Notes Offering by Marriott International
02.23.24
This is only gets display when printing
Simpson Thacher represented the underwriters in an offering by Marriott International, Inc. (NASDAQ: MAR) of $1.5 billion aggregate principal amount of Notes, consisting of $500 million aggregate principal amount of 4.875% Series NN Notes due 2029 and $1 billion aggregate principal amount of 5.300% Series OO Notes due 2034. The notes were sold in a registered public offering, which closed on February 22, 2024.
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 Pia Figuerola (Capital Markets); Rachelle Broida (Intellectual Property); Jonathan Cantor, Kris Liu and Michael Slomovics (Tax); Jeanne Annarumma and Pasco Struhs (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).