Simpson Thacher represented the initial purchasers, led by Wells Fargo Securities, LLC, in the Rule 144A/Regulation S offering of $575 million aggregate principal amount of 6.5% Senior Notes due 2033 issued by Marriott Ownership Resorts, Inc., a wholly owned subsidiary of Marriott Vacations Worldwide Corporation (“Marriott Vacations”). The notes offering closed on September 18, 2025.
Marriott Vacations is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. The company has approximately 120 resorts and approximately 700,000 owner families in a diverse portfolio that includes seven vacation ownership brands. It also includes exchange networks and membership programs comprised of nearly 3,200 resorts in over 90 nations and over 1.5 million members, as well as management of over 24 other resorts and lodging properties.
The Simpson Thacher team for the transaction included John C. Ericson, Patrick Baron, Matt Petrone, Emily Anne Owen and Kaitlin Dunne (Capital Markets); Jonathan Cantor and Edward Grais (Tax); Jeanne Annarumma and Pasco Struhs (ECEB); Corina Holland and Alexander Kokka (Intellectual Property); and Jennie Getsin (Blue Sky).