Press "Enter" to skip to content

Marriott looks to buy back short-term debt

Marriott International Inc. (NASDAQ: MAR) is offering to purchase several blocks of short-term debt that will expire in the next two years, the company said Monday. 

The Bethesda, Maryland hotel company is offering to buy back existing notes that expire in October 2021 and January, September and October 2022, respectively, according to a filing with the Securities and Exchange Commission. 

The move to lighten its short-term debt load follows Marriott’s June 3 sale of an additional $1 billion…

Source: The Business Journal

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *