BETHESDA, Md., May 5, 2020 /PRNewswire/ — Marriott International, Inc. (“Marriott” or “the company”) today announced it has signed amendments to its existing co-brand credit card agreements with JPMorgan Chase & Co. (“Chase”) and American Express.  These amendments will provide the company with $920 million of cash, further enhancing its liquidity, with $570 million coming from Chase and $350 million coming from American Express.

Marriott International, Inc. logo (PRNewsfoto/Marriott International, Inc.)

The $570 million from Chase includes $500 million of prepayment of certain future revenues and $70 million from the early payment of a previously committed signing bonus under the co-brand credit card agreement.  The $350 million from American Express is for the pre-purchase of Marriott Bonvoy points and other consideration.  In each case the cash will be

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