Marriott International, Inc. entered into a Seventh Amended and Restated Credit Agreement on September 23, 2026, with Bank of America, N.A., acting as administrative agent and certain other banks. The agreement amends and restates Marriott’s existing multicurrency revolving credit facility, which was originally dated December 14, 2022, and previously amended by a First Amendment dated May 17, 2024.
The amended facility increases the aggregate commitments from $4.50 billion to $5.00 billion. Additionally, the agreement allows for a maximum aggregate commitment of $5.50 billion if the commitment increase option is exercised. The maturity date of the facility has been extended from December 14, 2027, to September 23, 2031.
The terms of the agreement include interest rates based on SOFR plus a spread determined by Marriott’s public debt rating, as well as quarterly fees calculated based on that rating. The agreement also adjusts the calculation of EBITDA, provides for the ability to amend interest rates and fees based on agreed-upon environmental key performance indicators, and updates other provisions to reflect current documentation standards.
Exhibit 10 to the filing contains the full text of the Seventh Amended and Restated Credit Agreement.
