Printer Friendly

MARRIOTT EXECUTES AGREEMENT FOR $1 BILLION REVOLVING CREDIT

 WASHINGTON, Aug. 30 /PRNewswire/ -- Marriott Corporation (NYSE: MHS) said today that an agreement has been executed with a group of 20 major banks for a $1 billion, five-year revolving line of credit to be used by Marriott International, Inc. Marriott International will begin operation after distribution of a special dividend that will divide Marriott Corporation into two companies.
 Marriott said the bank group is led by Citibank, N.A., as administrative agent and managing agent, and The Bank of Nova Scotia, Chemical Bank and The First National Bank of Chicago as managing agents.
 -0- 8/30/93
 /CONTACT: Robert T. Souers of Marriott Corporation, 301-380-1339/
 (MHS)


CO: Marriott Corporation ST: District of Columbia IN: FIN SU: FNC

IH-DC -- DC021 -- 7094 08/30/93 12:38 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 30, 1993
Words:126
Previous Article:ENTREE CORPORATION REPORTS 450 PERCENT INCREASE IN FIRST QUARTER FISCAL 1994 EARNINGS; 19.1 PERCENT INCREASE IN NET SALES
Next Article:ALITALIA TECHNICAL TRAINING SELECTS WICAT TO DELIVER AIRBUS A-321 TRAINING
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters