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Marriott unveils final results of exchange offer for Starwood-issued notes

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Marriott unveils final results of exchange offer for Starwood-issued notes

Marriott International Inc. disclosed the final results of its exchange offer for five series of notes issued by Starwood Hotels & Resorts Worldwide LLC, which it bought in September.

As of 11:59 p.m. ET on Dec. 16, the aggregate principal amount validly tendered in the offer was roughly $324.1 million for the 6.750% notes due 2018, $180.7 million for the 7.150% notes due 2019, $291.0 million for the 3.125% notes due 2023, $317.8 million for the 3.750% notes due 2025 and $277.6 million for the 4.500% notes due 2034.

The company expects the final settlement of the offer to occur by Dec. 20.