8-KOther EventsExhibits & Filings

MARRIOTT INTERNATIONAL INC /MD/ 8-K Report, Corporate Update (Feb 20, 2026)

Filed February 20, 2026For Securities:MAR

Summary

Marriott International, Inc. (MAR) announced on February 20, 2026, the issuance of $1.45 billion in aggregate principal amount of senior notes. This offering consists of $600 million in 4.500% Series WW Notes due 2033 and $850 million in 5.100% Series XX Notes due 2038. The net proceeds from this debt offering are approximately $1.425 billion, after accounting for underwriting discounts and estimated expenses. These proceeds are earmarked for general corporate purposes, which may include working capital, capital expenditures, acquisitions, stock repurchases, or debt repayment. This strategic move indicates the company's intention to maintain financial flexibility and support its ongoing business operations and growth initiatives. Investors should note the fixed interest rates and maturity dates of these notes as potential components of Marriott's long-term capital structure.

Key Highlights

  • 1Marriott International issued $1.45 billion in aggregate principal amount of senior notes.
  • 2The offering includes $600 million of 4.500% Series WW Notes due 2033.
  • 3The offering also includes $850 million of 5.100% Series XX Notes due 2038.
  • 4Net proceeds from the offering are approximately $1.425 billion.
  • 5Proceeds are designated for general corporate purposes, offering flexibility.
  • 6The notes are issued under an established indenture dated November 16, 1998.
  • 7Interest payments for both series of notes will commence on November 1, 2026.

Frequently Asked Questions

Marriott International issued a total of $1.45 billion in aggregate principal amount of senior notes, comprising $600 million of Series WW Notes and $850 million of Series XX Notes.

The net proceeds of approximately $1.425 billion are intended for general corporate purposes. This includes potential uses such as working capital, capital expenditures, acquisitions, stock repurchases, or the repayment of outstanding indebtedness, providing the company with financial flexibility.

The 4.500% Series WW Notes due 2033 mature on May 1, 2033, and the 5.100% Series XX Notes due 2038 mature on May 1, 2038. Interest payments for both series are scheduled to begin on November 1, 2026.

The notes were issued under an indenture dated November 16, 1998, with The Bank of New York Mellon as the successor trustee. A Terms Agreement dated February 18, 2026, was entered into with various underwriters for this specific offering.