Marriott International Announces Redemption of its 5.450% Series LL Notes Due 2026

Rhea-AI Summary

Marriott International (NASDAQ: MAR) will redeem all $450 million aggregate principal amount of its 5.450% Series LL Notes due September 15, 2026 on August 29, 2026. The notes will be redeemed at 100% of principal plus accrued and unpaid interest to, but excluding, the redemption date, after which interest will cease and the notes will no longer be outstanding.

Positive

• Early redemption of $450 million 5.450% Series LL Notes due 2026
• Interest on redeemed notes ceases after August 29, 2026, reducing future interest payments

Negative

• None.

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BETHESDA, Md., Aug. 19, 2026 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) today announced that on August 29, 2026 (the "Redemption Date") it will redeem all $450,000,000 aggregate principal amount of its outstanding 5.450% Series LL Notes due September 15, 2026 (CUSIP No. 571903 BM4) (the "Notes").

The Notes will be redeemed on the Redemption Date at a redemption price equal to the sum of 100% of the aggregate principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to, but not including, the Redemption Date. On and after the Redemption Date, interest will cease to accrue on the Notes and the Notes will cease to be outstanding.

NOTE ON FORWARD-LOOKING STATEMENTS
All statements in this press release are made as of August 19, 2026. We undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. This press release contains "forward-looking statements" within the meaning of federal securities laws, including statements related to the expected timing and completion of the redemption and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we describe in our U.S. Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release.

ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 10,000 properties in 148 countries and territories, as of June 30, 2026. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy^®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.

Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.marriott.com/investor or Marriott's news center website at www.marriottnewscenter.com, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only.

IRPR#1

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SOURCE Marriott International, Inc.

FAQ

What did Marriott International (NASDAQ: MAR) announce about its 5.450% Series LL Notes due 2026?

Marriott International announced it will redeem all outstanding 5.450% Series LL Notes on August 29, 2026. According to Marriott, the full $450 million principal will be repaid at 100% of face value plus accrued and unpaid interest to, but not including, the redemption date.

When is the redemption date for Marriott’s 5.450% Series LL Notes (MAR)?

The redemption date for Marriott’s 5.450% Series LL Notes is August 29, 2026. According to Marriott, interest on the notes will accrue up to, but not including, that date, and from then on the notes will cease to be outstanding and no further interest will be paid.

What is the redemption price for Marriott’s $450 million 5.450% Series LL Notes?

The redemption price equals 100% of the aggregate principal plus accrued and unpaid interest. According to Marriott, holders of the 5.450% Series LL Notes will receive full face value of $450 million in total, plus interest earned up to, but excluding, August 29, 2026.

How does the 2026 note redemption affect interest payments by Marriott (MAR)?

Interest payments on the 5.450% Series LL Notes will stop after August 29, 2026. According to Marriott, interest accrues only to, but not including, the redemption date, meaning the company will have no further interest obligation on these notes once they are redeemed.

What happens to Marriott’s 5.450% Series LL Notes after the August 29, 2026 redemption date?

After the redemption date, the notes will cease to be outstanding and earn no further interest. According to Marriott, all $450 million of the 5.450% Series LL Notes will be fully redeemed, and holders will no longer have rights to future interest payments on them.