Confirmation of Extension for $2 Billion 5-Year Revolving Credit Facility – Marriott International, Inc.
This letter confirms that Marriott International, Inc. has successfully extended the termination date for its $2 billion revolving credit facility with consenting lenders to June 6, 2011. The extension, effective June 6, 2006, applies to $1.955 billion of the facility, while $45 million from non-consenting lenders retains the original maturity date. The agreement outlines the new terms for the extended credit facility and confirms the completion of the extension process as per the original credit agreement.
Exhibit 10.2
June 1, 2006
Marriott International, Inc.
10400 Fernwood Drive
Bethesda, MD 20817
| Attention: | Carolyn B. Handlon | |
| Senior Vice President, Finance and Treasurer |
$2,000,000,000 5-Year Revolving Credit Facility
CONFIRMATION OF EXTENSION
Ladies and Gentlemen:
The Administrative Agent is pleased to notify Marriott International, Inc. of the successful completion of the extension request, per Section 2.15 of the Credit Agreement, to extend the Termination Date of consenting lenders to June 6, 2011 (the “New Termination Date”). The extension will become effective on June 6, 2006 as per the original Effective Date of the Credit Agreement. Any non-consent lenders’ maturity date will remain as the original Termination Date. This letter will serve as confirmation that the extension has been completed as described in Section 2.15 of the Credit Agreement and will become effective on the above referenced date.
Aggregate commitments of consenting lenders totaled $1,955,000,000 with a New Termination Date of June 6, 2011 and aggregate commitments of non-consenting lenders totaled $45,000,000.
| Very truly yours, |
| /s/ Kevin A. Ege |
| Kevin A. Ege Vice President |
