Deals 08/12/2020

Loop Capital Markets acts as co-manager on a $1 billion senior unsecured bonds offering for Marriott International

On August 12, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $1 billion, senior unsecured bonds offering for Marriott International. The 12 year senior unsecured bond is rated Baa3/BBB-.

Use of proceeds are earmarked for general corporate purposes, including repayment of outstanding indebtedness, which may include amounts drawn under the company’s credit facility.