05:14 PM EDT, 09/04/2025 (MT Newswires) -- Marriott Vacations Worldwide ( VAC ) said late Thursday its unit Marriott Ownership Resorts priced $575 million of 6.5% senior notes due 2033 in a private placement.

Net proceeds, together with cash on hand, will be used to repay $575 million of convertible notes due January 2026 and cover related transaction expenses.

The offering is expected to close on Sept. 18, according to the company.