Reuters Story - January 14, 2000 17:01
WASHINGTON, Jan 14 (Reuters) - Hotel conglomerate Marriott International Inc. filed on Friday to sell up to $300
million in debt securities and common and preferred stock from time to time.
Combined with $200 million in previously registered but unsold securities, the offering is worth up to $500 million,
the company said in a shelf registration filing with the Securities and Exchange Commission.
A shelf registration gives Marriott advance SEC approval to sell securities, allowing the company flexibility in
the amount and timing of an offering.
Net proceeds will be used for general corporate purposes, which may include debt repayment, working capital, capital
expenditures, acquisitions and stock repurchases.
Marriott shares were trading down 5/16 to 32-11/16 in late New York Stock Exchange activity
Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly
prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in
the content, or for any actions taken in reliance thereon.