Asked on Friday what he thought about Marriott International Inc.'s plans to sell $150 million of 10-year senior notes, F. John Stark 3d had some advice for prospective buyers:

"I guess my comment would be caveat emptor," said Stark, senior vice president and general counsel and investment adviser at PPM America Inc.

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.