Marriott expands credit line to $5B, extends to 2031
The agreement moves maturity from December 14, 2027, to September 23, 2031, and allows commitments to reach $5.50 billion upon exercise of an option.
Rhea-AI Filing Summary
Marriott International, Inc. entered into an amended and restated multicurrency revolving credit agreement on September 23, 2026, increasing aggregate commitments from $4.50 billion to $5.00 billion. The maximum aggregate commitments permitted upon exercise of the commitment increase option increased from $5.00 billion to $5.50 billion. The agreement extends the maturity date from December 14, 2027, to September 23, 2031.
The agreement adjusts interest rate margins and facility fees and changes the calculation of EBITDA. Borrowings generally bear interest at SOFR plus a spread based on Marriott’s public debt rating, with quarterly fees also based on that rating. It provides for the ability to amend the agreement to adjust interest rates and fees based on environmental key performance indicators to be agreed upon; other material terms generally remain unchanged.
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multicurrency revolving credit agreement financial
commitment increase option financial
SOFR financial
EBITDA financial
events of default financial
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Item 1.01. Entry into a Material Definitive Agreement.
On September 23, 2026, Marriott International, Inc. (“Marriott” or the “Company”) entered into the Seventh Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent and certain banks (the “Amended Agreement”). The Amended Agreement amends and restates Marriott’s $4.50 billion multicurrency revolving credit agreement, dated as of December 14, 2022 (filed as Exhibit 10 to the Company’s Form 8-K filed on December 15, 2022) (as amended by the First Amendment to Credit Agreement, dated as of May 17, 2024, the “Prior Agreement”).
The Amended Agreement increases the aggregate commitments under the Prior Agreement from $4.50 billion to $5.00 billion and increases the maximum aggregate commitments permitted upon exercise of the commitment increase option from $5.00 billion to $5.50 billion.
The Amended Agreement extends the maturity date of the Prior Agreement from December 14, 2027 to September 23, 2031.
The Amended Agreement adjusts the interest rate margins and facility fees, adjusts the calculation of “EBITDA”, provides for the ability to amend the Amended Agreement to adjust interest rates and fees based on to-be-agreed upon environmental key performance indicators, and adjusts certain other provisions to reflect current documentation standards and other agreed modifications.
Under the Amended Agreement, borrowings generally bear interest at SOFR plus a spread based on the Company’s public debt rating. Marriott also pays quarterly fees at a rate based on the Company’s public debt rating. The Amended Agreement includes customary events of default. Except as described above, the material terms of the Prior Agreement generally remain unchanged.
The foregoing description of the Amended Agreement is qualified in its entirety by reference to the Amended Agreement, a copy of which is attached as Exhibit 10 to this Form 8-K and is incorporated by reference into this Item 1.01.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information included in Item 1.01 of this report is incorporated by reference into this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are filed with this report:
| 10 | U.S. $5,000,000,000 Seventh Amended and Restated Credit Agreement dated as of September 23, 2026, with Bank of America, N.A., as administrative agent and certain banks. | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: September 24, 2026 | MARRIOTT INTERNATIONAL, INC. | |||||
| By: | /s/ Felitia O. Lee | |||||
| Felitia O. Lee | ||||||
| Controller and Chief Accounting Officer | ||||||