Marriott Vacations to redeem $450 million notes due 2026 via new notes

By Marisa Wong

Los Angeles, June 7 – Marriott Vacations Worldwide Corp. intends to redeem $450 million of its outstanding 6½% senior notes due 2026 using proceeds from an offering of new notes and cash on hand, according to a press release.

The company priced an upsized $500 million of eight-year notes senior notes on Monday, as reported.

The vacation ownership, exchange, rental and resort and property management company is based in Orlando, Fla.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.