Marriott International Completes $1.5 Billion Notes Offering
08.13.24
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Simpson Thacher represented the underwriters in an offering by Marriott International, Inc. of $1.5 billion aggregate principal amount of Notes, consisting of $500 million aggregate principal amount of 4.800% Series PP Notes due 2030 and $1 billion aggregate principal amount of 5.350% Series QQ Notes due 2035. The notes were sold in a registered public offering, which closed on August 12, 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 Anna Jarman (Capital Markets); Paige Brinton (Intellectual Property); Jonathan Cantor, Kris Liu and Michael Slomovics (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).