Marriott Vacations Worldwide Corporation (VAC) Thursday said that its subsidiary, Marriott Ownership Resorts, Inc. intends to offer $575 million of senior notes due 2033.
The company expects to use the proceeds from the offering for the payment of $575 million of notes at or prior to maturity on January 15, 2026. During the period between the closing of the notes offering and the maturity date of the 2026 notes, the company intends to use proceeds to repay debts under Marriott Vacations Worldwide 's $800 million revolving credit facility and/or invest in cash equivalent securities.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.