Simpson Thacher represented the dealer managers in connection with tender offers by Marriott International.
Marriott International, Inc. (NASDAQ: MAR) announced the commencement of cash tender offers for any and all of its outstanding 2.3% Series Q Notes due 2022, 3.25% Series L Notes due 2022, 2.125% Series DD Notes due 2022 and 3.125% Series N Notes due 2021, subject to the conditions of the offers. Following the expiration of the tender offers, Marriott accepted for purchase approximately $853 million aggregate principal amount of the notes.
Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC acted as the Dealer Managers in connection with the Offers.
Marriott International is one of the world’s leading lodging companies. Marriott International is a worldwide operator, franchisor and licensor of hotel, residential and timeshare properties under numerous brand names at different price and service points.
The Simpson Thacher team advising the dealer managers for the transaction included John C. Ericson (Picture), Igor Fert and Evan Zuckerman (Capital Markets); and Jonathan Cantor and Kelli Rivers (Tax).
Involved fees earner: Jonathan Cantor – Simpson Thacher & Bartlett; John Ericson – Simpson Thacher & Bartlett; Igor Fert – Simpson Thacher & Bartlett; Kelli Rivers – Simpson Thacher & Bartlett; Evan Zuckerman – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;