Marriott International prices $1.25B senior notes offering: $250M at 4.875% due 2029, $1B at 5.650% due 2036

Filed August 12, 2026 · ~1 min read

Key Changes

• high

  Marriott is offering $1.25 billion in senior notes split between two series: $250 million of 4.875% notes due 2029 (a tap of an existing February 2024 issuance) and $1 billion of new 5.650% notes due 2036.

  Management's Discussion and Analysis verify on EDGAR →
• medium

  The notes are structurally subordinated to subsidiary debt. As of June 30, 2026, subsidiaries had $123 million in long-term debt, representing approximately 1% of Marriott's total consolidated long-term debt before this offering.

  Management's Discussion and Analysis verify on EDGAR →
• medium

  The Series NN notes bear 4.875% interest payable semiannually starting November 2026. The Series YY notes bear 5.650% interest payable semiannually starting March 2027.

  Management's Discussion and Analysis verify on EDGAR →