---
schema_version: "secwatch.filing_event.v1"
accession: "0000315858-23-000034"
form_type: "8-K"
ticker: null
cik: "0000315858"
company_name: "Bluegreen Vacations Holding Corp"
filed_at: "2023-06-20T23:59:59+00:00"
generated_at: "2026-06-13T21:55:27.680371+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Bluegreen Vacations completes $214.6M VOI receivable-backed securitization

## Summary
- Completed $214.6M securitization of VOI receivables with three tranches (Class A $96.6M at 5.77%, Class B $67.0M at 6.31%, Class C $51.0M at 7.38%).
- Weighted average coupon of 6.32% and advance rate of 85.5%; notes mature November 2038.
- Proceeds used to repay $181.6M outstanding under existing purchase facility, capitalize reserve fund, and pay fees.
- Repayment of purchase facility restores ~$181.6M in revolving availability under that facility until September 2025.

## SEC filing metadata
- accession: 0000315858-23-000034
- form_type: 8-K
- cik: 0000315858
- company_name: Bluegreen Vacations Holding Corp
- filed_at: 2023-06-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/315858/000031585823000034/0000315858-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315858/000031585823000034/bvh-20230620x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000315858-23-000034
- JSON: https://secwatch.observer/filing/0000315858-23-000034.json
- Plain text: https://secwatch.observer/filing/0000315858-23-000034.txt

## Key facts
- Debt Financings
  Bluegreen Vacations Holding Corp incurred debt of approximately $214.6 million with KeyBanc Capital Markets Inc., BofA Securities, Inc., Truist Securities, Inc., Citizens Capital Markets Inc., Barclays Capital Inc. at weighted average coupon rate of approximately 6.32% maturing November 2038.
  - Principal: approximately $214.6 million
  - Counterparty: KeyBanc Capital Markets Inc., BofA Securities, Inc., Truist Securities, Inc., Citizens Capital Markets Inc., Barclays Capital Inc.
  - Rate: weighted average coupon rate of approximately 6.32%
  - Maturity: November 2038
  - Event: incurrence
  source text: On June 20, 2023, Bluegreen Vacations Corporation (“Bluegreen”), a wholly owned subsidiary of Bluegreen Vacations Holding Corporation, completed a private offering and sale of approximately $214.6 million of vacation ownership interest (“VOI”) receivable-backed notes (the “2023-A Term Securitization”). The transaction consisted of the issuance of three tranches of notes (collectively, the “Notes”) with a weighted average coupon rate of approximately 6.32% and a maturity date in November 2038.
  evidence_url: https://www.sec.gov/Archives/edgar/data/315858/000031585823000034/0000315858-23-000034-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.