Marriott International says all LYONs due 2021 put back

New York, May 12 - Marriott International Inc. said holders of all $70 million principal amount at maturity of its zero-coupon senior convertible notes due 2021 in the LYONs structure exercised the put option.

As a result, the Washington hotel operator paid $62 million to buy back the securities.

The convertibles were putable on May 10 at a price of $880.50 per $1,000 principal amount at maturity.

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