With the 80% of eligible Marriott Corp. debt tendered so far -- just shy of the company's 85% threshold -- Marriott yesterday announced plans to extend its exchange offer.

The offer's deadline is now set for tomorrow at 5 p.m., eastern daylight time. The original deadline was Tuesday, said Nick Hill, a Marriott spokesman.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.