Marriott Vacations Worldwide Corporation announced the pricing of $575 million aggregate principal amount of 6.500% senior notes due 2033.
The offering is expected to close on September 18, 2025, subject to customary closing conditions.
The net proceeds from the notes will be used to pay off existing convertible notes and cover transaction expenses.
Offering Details
$575 million of 6.500% senior notes due 2033 were priced by Marriott Vacations Worldwide Corporation.
Use of Proceeds
The net proceeds will cover the payment of existing convertible notes and transaction expenses.
Target Audience
The notes were offered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
- Marriott Vacations Worldwide aims to optimize its financial structure by refinancing existing debt obligations.
- The successful offering signals investor confidence in Marriott Vacations Worldwide's future prospects.
The pricing of the senior notes reflects Marriott Vacations Worldwide's proactive approach to managing its financial obligations and optimizing its capital structure.