Marriott International raised credit line to $5.00 billion
Marriott International increased its credit commitments from $4.50 billion to $5.00 billion and extended the maturity date to September 23, 2031, according to the company.
What happened
Marriott International entered into the Seventh Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent. The amended agreement increased the aggregate commitments from $4.50 billion to $5.00 billion.
The amended agreement increased the maximum aggregate commitments permitted upon exercise of the commitment increase option from $5.00 billion to $5.50 billion. It extended the maturity date, the final repayment date for the facility, from December 14, 2027 to September 23, 2031.
Higher limit and later end date shaped borrowing capacity
A higher commitment amount meant a larger agreed borrowing capacity was available under the facility. A later maturity date meant the financing arrangement remained in place for a longer period.
New agreement replaced earlier credit facility
The prior multicurrency revolving credit agreement was dated as of December 14, 2022. Marriott International filed Form 8-K with the SEC on 2026-09-24 and listed the $5,000,000,000 Seventh Amended and Restated Credit Agreement as an exhibit.
Investors could follow interest terms, fees and conditions
Under the amended agreement, borrowings generally bore interest at SOFR plus a spread, an additional charge added to the benchmark rate. Marriott also paid quarterly fees, and the amended agreement included customary events of default.
