Simpson Thacher represented the underwriters in an offering by Marriott International, Inc. of $2 billion aggregate principal amount of Notes, consisting of $500 million aggregate principal amount of 5.100% Series RR Notes due 2032 and $1.5 billion aggregate principal amount of 5.500% Series SS Notes due 2037. The notes were sold in a registered public offering, which closed on February 26, 2025.
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, Julie De Keukeleire and Rebecca Carroll (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).