Printer Friendly

MARRIOTT FILES SHELF REGISTRATION FOR CONVERTIBLE PREFERRED STOCK

MARRIOTT FILES SHELF REGISTRATION FOR CONVERTIBLE PREFERRED STOCK
 WASHINGTON, Nov. 19 /PRNewswire/ -- Marriott Corporation (NYSE: MHS) said today that it has filed a shelf registration statement with the Securities and Exchange Commission for a possible offering of up to $230 million of convertible preferred stock.
 Marriott said that if the offering is consummated, proceeds would be used for general corporate purposes, including repaying debt. The company said this would be consistent with its previously announced objective of reducing long-term debt.
 The shelf registration statement has been filed with the Securities and Exchange Commission but has not yet become effective.
 These securities may not be sold nor may any offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offering of these securities in the state of New York shall only be made by means of a prospectus filed with the Department of Law of the State of New York. The Attorney General of the State of New York has not passed upon or endorsed the merits of the proposed offering.
 Marriott Corporation, based in Washington, is a diversified hospitality company involved in lodging and contract services.
 -0- 11/19/91
 /CONTACT: Nick Hill of Marriott Corporation, 301-380-7484/
 (MHS) CO: Marriott Corporation ST: District of Columbia IN: SU: MH -- DC022 -- 5109 11/19/91 16:42 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 19, 1991
Words:273
Previous Article:ORACLE DIAGNOSTICS ANNOUNCES AGREEMENT WITH FUTURETECH TO ACQUIRE HIV SALIVA TEST
Next Article:FLORIDA REGIONAL STOCK REPORT FOR TUESDAY, NOV. 19
Topics:


Related Articles
MARRIOTT TO OFFER $150 MILLION IN CONVERTIBLE PREFERRED STOCK
MARRIOTT TO COMPLETE OFFERING OF $200 MILLION IN CONVERTIBLE PREFERRED STOCK
MARRIOTT ADJUSTS CONVERSION PRICE FOR PREFERRED STOCK
EQUITABLE COMPANIES $300 MILLION SENIOR/SUBORDINATED DEBT SHELF RATED 'A/A-' BY FITCH -- FITCH FINANCIAL WIRE --
Host Marriott Corporation Raises $550 Million in Convertible Preferred Offering
Host Marriott Reports Record Comparative FFO and EBITDA For the 1998 First Quarter
Standard & Poor's Rates United HealthCare $650M Senior Unsecured Notes 'A'.
Rent-Way Files Registration Statement With Securities and Exchange Commission.
Sunterra Corporation Files to Register Convertible Notes.
Hanger Orthopedic Group, Inc. Files Replacement Shelf Registration Statement.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters