Marriott Vacations issues $575 million 6.5% senior notes due 2033
Marriott Ownership Resorts, a wholly owned subsidiary of Marriott Vacations Worldwide, issued $575 million of 6.500% Senior Notes due October 1, 2033. The company intends to use the proceeds with cash on hand to repay $575 million of 0.00% convertible senior notes maturing January 15, 2026. For shareholders, the deal replaces near-term convertible debt with longer-dated fixed-rate debt that carries interest.
Key points
- $575 million of 6.500% Senior Notes due October 1, 2033, issued by Marriott Ownership Resorts, Inc.
- Proceeds plus cash on hand to repay $575 million of 0.00% Convertible Senior Notes due January 15, 2026
- Interest payable semi-annually on April 1 and October 1, starting April 1, 2026
- The $450 million Delayed Draw Term Loan Credit Facility was terminated in connection with the issuance
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 18, 2025.
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