08:46 AM EDT, 09/04/2025 (MT Newswires) -- Marriott Vacations Worldwide ( VAC ) said Thursday that its Marriott Ownership Resorts unit plans to offer $575 million total principal amount of senior notes due 2033.

The unit plans to use the net proceeds, including cash on hand, to pay $575 million total principal amount of the 2026 convertible notes due on or before Jan. 15, 2026, the vacation company added.

Shares of Marriott Vacations ( VAC ) were up more than 1% in recent Thursday premarket activity.