Marriott International 8-K

Summary

Marriott issued $1.25B of notes on 8/13/2026, comprising $250M of 4.875% notes due 2029 and $1.0B of 5.650% notes due 2036. The offering’s net proceeds are ≈$1.233B and are intended for general corporate purposes.

Key Figures

• $250M principal of Series NN Notes, 4.875% coupon, due 5/15/2029; this is an additional issuance of the existing $500M Series NN.
• $1.0B principal of Series YY Notes, 5.650% coupon, due 9/15/2036.
• Net proceeds: ≈$1.233B after underwriting discount and estimated expenses, excluding accrued interest paid at closing. Proceeds may fund working capital, capital expenditures, acquisitions, share repurchases or debt repayment.
• Interest on Series NN is payable 5/15 and 11/15, starting 11/15/2026; Series YY interest is payable 3/15 and 9/15, starting 3/15/2027.

Investor Takeaways

• Use of proceeds, including any debt repayment or share repurchases, will determine how the capital supports Marriott’s corporate needs.