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Get filing alertsMarriott raises $1.25B in senior notes for general corporate use including potential buybacks
Filed August 13, 2026 · Period ending August 11, 2026 · ~1 min read
Key Changes
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high
Issued $1.25B in senior notes: $250M at 4.875% due 2029 and $1B at 5.650% due 2036, receiving $1.233B net proceeds after fees.
Item 8.01 verify on EDGAR → -
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Proceeds earmarked for general corporate purposes including working capital, capex, acquisitions, stock repurchases, or debt repayment.
Item 8.01 verify on EDGAR → -
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The $250M Series NN Notes represent an additional issuance to an existing $500M series originally issued in February 2024.
Item 8.01 verify on EDGAR →
Summary
Marriott completed a $1.25 billion senior notes offering on August 13, 2026, split between a $250 million tranche maturing in 2029 at 4.875% and a $1 billion tranche maturing in 2036 at 5.650%. The company netted approximately $1.233 billion after underwriting fees and expenses.
The shorter-dated notes tap an existing series first issued in February 2024, while the 2036 notes establish a new 10-year maturity point in Marriott's debt stack. Retail holders should note the broad use-of-proceeds language: Marriott may deploy the capital for working capital, capital expenditures, acquisitions, stock repurchases, or debt repayment.
The inclusion of buybacks and debt reduction as potential uses signals financial flexibility rather than a specific growth initiative. The 5.650% rate on the 10-year paper reflects current market conditions for investment-grade hospitality debt. With no covenant details disclosed and multiple potential uses, the filing provides capital but limited visibility into near-term allocation priorities.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On August 11, 2026, Marriott International, Inc. (“we”) entered into a Terms Agreement with J.P. Morgan Securities LLC, PNC Capital Markets LLC, Truist Securities, Inc., U.S. Bancorp Investments, Inc. and the other Underwriters listed on Schedule I thereto (the “Terms Agreement,” which incorporates by reference the Underwriting Agreement General Terms and Provisions, dated March 3, 2021 (which we previously filed on March 5, 2021 as Exhibit 1.1 to our Current Report on Form 8-K)) to issue $250,000,000 aggregate principal amount of our 4.875% Series NN Notes due 2029 (the “Series NN Notes”) and $1,000,000,000 aggregate principal amount of our 5.650% Series YY Notes due 2036 (the “Series YY Notes” and, together with the Series NN Notes, the “Notes”). We issued the Notes on August 13, 2026.
Marriott issued $1.25 billion in senior notes across two tranches: $250 million of 4.875% notes maturing in 2029 and $1 billion of 5.650% notes maturing in 2036. The $250 million Series NN Notes represent an additional issuance to an existing $500 million series originally issued in February 2024.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
We will pay interest on the Series NN Notes on May 15 and November 15 of each year, commencing on November 15, 2026 and we will pay interest on the Series YY Notes on March 15 and September 15 of each year, commencing on March 15, 2027. The Series NN Notes will mature on May 15, 2029 and the Series YY Notes will mature on September 15, 2036.
The Series NN Notes pay interest semi-annually on May 15 and November 15, starting November 15, 2026, and mature May 15, 2029. The Series YY Notes pay interest semi-annually on March 15 and September 15, starting March 15, 2027, and mature September 15, 2036.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 14, 2026 · How we verify