Recent Updates — MAR
On September 23, 2026, Marriott International entered into a Seventh Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent. This agreement amends the prior $4.5 billion multicurrency revolving credit facility by increasing aggregate commitments from $4.50 billion to $5.00 billion, with an expansion option raising maximum permitted commitments to $5.50 billion. The maturity date is extended from December 14, 2027, to September 23, 2031. The filing also notes adjustments to interest rate margins, facility fees, EBITDA calculations, and the inclusion of environmental key performance indicators for potential rate adjustments. Marriott International operates in the hospitality industry, managing and franchising a global portfolio of hotels and resorts.
Marriott International, Inc. issued $1.25 billion in aggregate principal amount of senior unsecured notes on August 13, 2026, raising approximately $1.233 billion in net proceeds after deducting underwriting discounts and expenses. The offering consists of $250 million of 4.875% Series NN Notes due May 15, 2029, which constitute an additional issuance within the existing series established in February 2024, and $1 billion of 5.650% Series YY Notes due September 15, 2036. Interest on the Series NN Notes is payable semi-annually on May 15 and November 15, commencing November 15, 2026, while interest on the Series YY Notes is payable semi-annually on March 15 and September 15, commencing March 15, 2037. The company intends to use the net proceeds for general corporate purposes, including working capital, capital expenditures, acquisitions, stock repurchases, or repayment of outstanding indebtedness. Marriott International operates in the hospitality industry, managing and franchising a global portfolio of hotels and resorts.
Marriott International reported second quarter 2026 financial results, with diluted EPS of $2.90 and adjusted diluted EPS of $3.19. Reported net income was $766 million, while adjusted net income reached $844 million. Adjusted EBITDA totaled $1,592 million, a 13 percent increase year-over-year. Worldwide RevPAR grew 3.4 percent, driven by a 5.0 percent rise in the U.S. & Canada, partially offset by a 0.5 percent decline in international markets. The company added approximately 17,900 net rooms globally and repurchased $1.1 billion of common stock during the quarter. Marriott raised its full-year global RevPAR growth expectation to 3 to 3.5 percent. Marriott International operates as a leading hospitality company franchising, operating, and licensing hotel brands worldwide.