Marriott International Taps Debt Markets with Over $2 Billion Note Offering

Marriott International Inc. announced on February 24, 2025, that it has entered into a Terms Agreement with a group of underwriters to issue a total of $2 billion in debt. The offering consists of $500 million aggregate principal amount of 5.100% Series RR Notes due 2032 and $1.5 billion aggregate principal amount of 5.500% Series SS Notes due 2037. The Notes were issued on February 26, 2025, and net proceeds from the offering are estimated to be approximately $1.96 billion, after underwriting discounts and offering expenses.

According to the filing, the net proceeds will be used for general corporate purposes, which may include funding working capital, capital expenditures, future acquisitions, stock repurchases, or repayment of existing indebtedness. Interest on the Series RR Notes and Series SS Notes will begin on October 15, 2025, with subsequent semiannual interest payments made on April 15 and October 15 each year. The Series RR Notes are set to mature on April 15, 2032, while the Series SS Notes will mature on April 15, 2037.

Marriott’s debt issuance is supported by documentation filed with the Securities and Exchange Commission, including the Terms Agreement and the forms of the Notes. The offering documents also incorporate provisions from previous related agreements and include a legal opinion from Gibson, Dunn & Crutcher LLP, among other exhibits provided in the registration statement on Form S-3.

In an additional regulatory filing, another company in the financial sector, Amerisafe, Inc., disclosed plans to increase its quarterly dividend. Amerisafe’s Board of Directors raised the dividend from $0.37 to $0.39 per share—a 5.4% increase—with the payment scheduled on March 21, 2025, for shareholders of record as of March 7, 2025. This dividend increase follows the company’s history of distributing regular and special dividends since it began paying dividends in 2013.

Both Marriott International and Amerisafe are taking steps to strengthen their financial positions and support shareholder value amid ongoing market developments.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Marriott International’s 8K filing here.

About Marriott International

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.