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Co-Managers: | | Capital One Securities, Inc. BNY Mellon Capital Markets, LLC HSBC Securities (USA) Inc. PNC Capital Markets LLC TD Securities (USA) LLC |
Change to the Preliminary Prospectus Supplement
The following sentence is added at the end of the first paragraph set forth under “Summary—Recent Developments—New $1.5 Billion364-Day Revolving Credit Facility Commitment and Leverage Covenant Waiver for Existing Revolving Credit Facility” appearing on pageS-1 of the Preliminary Prospectus Supplement dated April 14, 2020:
Marriott expects that the net proceeds from this offering will substantially replace the364-Day Credit Facility that is the subject of the commitment letter the company executed on April 13, 2020, as described in the company’s press release issued on April 14, 2020.
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Where similar language or information to that set forth above appears in other sections of the Preliminary Prospectus Supplement dated April 14, 2020, that language or information is deemed modified accordingly as set forth above.
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*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site atwww.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BofA Securities, Inc. toll-free at1-800-294-1322 or J.P. Morgan Securities LLC collect at1-212-834-4533.