Marriott Plans to Turn to Bond Markets Again This Year, CFO Says
- Hotel operator wants to opportunistically raise debt: Oberg
- The company has $350 million in debt coming due this year
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Marriott International Inc. plans to tap the debt markets again this year to raise funding for upcoming maturities, Chief Financial Officer Leeny Oberg said.
The Bethesda, Md.-based hotel operator has $350 million in debt coming due in December, followed by $550 million in April 2024 and around $1.3 billion over the course of 2025. Marriott will likely extinguish some of these debts with cash from operations, Oberg said. But, the company is also looking for opportunities to tap bond investors, she said.