Marriott International Inc. received approximately $545 million in net proceeds from its $550 million offering of 2.125% series DD notes due Oct. 3, 2022.
The notes were priced at 99.792% of the principal amount plus applicable interest. Interest on the notes will be payable every April 3 and Oct. 3, starting April 3, 2020.
The company expects to use the proceeds for general corporate purposes.
J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc., BofA Securities Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Fifth Third Securities Inc., Goldman Sachs & Co. LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities LLC are the joint book-running managers, while HSBC Securities (USA) Inc., ICBC Standard Bank PLC and SunTrust Robinson Humphrey Inc. are the senior co-managers.
The Williams Capital Group LP, Loop Capital Markets LLC, BNY Mellon Capital Markets LLC, Capital One Securities Inc., PNC Capital Markets LLC, TD Securities (USA) LLC, UniCredit Capital Markets LLC, Santander Investment Securities Inc., Standard Chartered Bank and ANZ Securities Inc. are the co-managers.
