Marriott International completed its acquisition of Starwood Hotels & Resorts Worldwide, creating the world’s largest hotel company.

Bank of America agented an increase to Marriott’s credit facility from $2.5 billion to $4 billion to support the transaction.

According to a related 8-K filing, JPMorgan Chase, Merrill Lynch and Wells Fargo Securities were joint bookrunners. JPMorgan, Merrill Lynch, Deutsche Bank Securities, Wells Fargo Securities, the Bank of Nova Scotia, Citibank and U.S. Bank were joint lead arrangers.

“Throughout our nearly 90-year history, we have never stopped searching for innovative ways to serve our guests. With the addition of Starwood’s strong brands, great properties and talented people, we have dramatically expanded our ability to provide the best experiences to our customers. We also welcome the tremendous responsibility as the world’s largest hotel company to be a good global steward, providing new opportunities for our associates and building the economic strength of the communities we call home,” said J.W. Marriott, Jr., executive chairman and chairman of the board of Marriott International.

The new company will operate or franchise more than 5,700 properties and 1.1 million rooms, representing 30 brands from the moderate-tier to luxury in more than 110 countries. With the completion of this acquisition, Marriott’s distribution has more than doubled in Asia and the Middle East and Africa combined.

One-time transaction costs for the merger are expected to total approximately $140 million. Marriott intends to take the steps necessary to cause Starwood’s outstanding public debt to be pari passu with the outstanding public debt of Marriott International. Marriott remains committed to maintaining an investment grade credit rating and to continue managing the balance sheet prudently after the merger.

Lazard and Citigroup were financial advisors to Starwood Hotels & Resorts Worldwide, and Deutsche Bank Securities and Goldman Sachs were the financial advisors to Marriott International. Cravath, Swaine & Moore served as legal counsel to Starwood Hotels & Resorts Worldwide, and Gibson, Dunn & Crutcher served as legal counsel to Marriott International on the transaction.