Simpson Thacher represented the underwriters in an offering by Marriott International, Inc. of $1.25 billion aggregate principal amount of notes, consisting of $250 million aggregate principal amount of 4.875% Series NN Notes due 2029 and $1 billion aggregate principal amount of 5.650% Series YY Notes due 2036. The Series NN Notes issued constitute an additional issuance of, and form a single series with, the $500 million aggregate principal amount of 4.875% Series NN Notes due 2029 Marriott International issued on February 22, 2024.
Marriott International is one of the world’s leading lodging companies. Marriott International is a worldwide operator, franchisor and licensor of hotel, residential and timeshare properties under numerous brand names at different price and service points.
The Simpson Thacher team for the transaction included John C. Ericson, Matt Petrone, Erin Camia and Saenam Kim (Capital Markets); Paige Brinton (Intellectual Property); Jonathan Cantor and Michael Slomovics (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).