---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-036403"
form_type: "8-K"
ticker: null
cik: "0001874944"
company_name: "Vacasa, Inc."
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T11:18:45.133408+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Vacasa secures $30M convertible notes from Davidson Kempner; Q2 gross bookings down 19% YoY to $505M

## Summary
- Entered $75M note purchase agreement; initial $30M notes at 11.25% PIK (3 yrs) then 9.75% cash, convertible at $4.16/share, due 2029.
- Q2 gross booking value $505M (-19% YoY); nights sold -17%; home count ~40,000 (down from ~44,000).
- Appointed Luis Sosa and Alan Liu to board as Davidson Kempner designees; board expanded to 11.
- Issued 174,825 fee shares to DK; voting agreement with Silver Lake, Riverwood, Level Equity to support conversion share issuance.
- Notes secured by first lien on substantially all assets; liquidity covenant minimum $15M from Q3 2024.

## SEC filing metadata
- accession: 0001140361-24-036403
- form_type: 8-K
- cik: 0001874944
- company_name: Vacasa, Inc.
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 3.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874944/000114036124036403/0001140361-24-036403-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874944/000114036124036403/ef20033733_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-036403
- JSON: https://secwatch.observer/filing/0001140361-24-036403.json
- Plain text: https://secwatch.observer/filing/0001140361-24-036403.txt

## Key facts
- Executive change
  Alan Liu was appointed as Class II Director at Vacasa, Inc..
  - Action: appointed
  - Role: Class II Director
  source text: appointed Alan Liu to the Board as a Class II Director, to serve until the Company’s 2026 annual meeting of stockholders and until his successor is duly elected and qualified
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874944/000114036124036403/0001140361-24-036403-index.htm
- Executive change
  Luis Sosa was appointed as Class I Director at Vacasa, Inc..
  - Action: appointed
  - Role: Class I Director
  source text: appointed Luis Sosa to the Board as a Class I Director, to serve until the Company’s 2025 annual meeting of stockholders and until his successor is duly elected and qualified
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874944/000114036124036403/0001140361-24-036403-index.htm

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