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Marriott intends to sell $600 million five-, 10-year notes Wednesday
By Aleesia Forni
Virginia Beach, Sept. 9 – Marriott International Inc. is expected to price a $600 million offering of five-year series O senior notes and 10-year series P senior notes on Wednesday, according to an informed source and a 424B5 filing with the Securities and Exchange Commission.
Bookrunners are J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC.
Proceeds will be used for general corporate purposes, which may include working capital, capital expenditures, acquisitions, stock repurchases or repayment of outstanding commercial paper borrowings.
The lodging company is based in Bethesda, Md.
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