---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-002888"
form_type: "8-K"
ticker: "HGV"
cik: "0001674168"
company_name: "Hilton Grand Vacations Inc."
filed_at: "2025-02-03T23:59:59+00:00"
generated_at: "2026-05-27T04:00:18.142585+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# HGV refinances with $1.0B revolving credit facility, covenant eased to 4.25x

## Summary
- Entered Amendment No. 8 to Credit Agreement on Jan 31, 2025, establishing $1.0B new revolving credit facility maturing Jan 31, 2030.
- Existing revolving commitments terminated; new facility margins range from 0.50%-0.95% (Base Rate) and 1.50%-1.95% (Term SOFR).
- Consolidated First Lien Net Leverage Ratio covenant increased from 3.25x to 4.25x (subject to 0.50x increase after material acquisitions).
- Applicable rates on Initial Term Loans reduced to 2.00% (Term Benchmark) and 1.00% (Base Rate); similar reductions for other term loans.
- Bank of America resigned as Administrative Agent; Wells Fargo appointed as successor.

## SEC filing metadata
- accession: 0001140361-25-002888
- form_type: 8-K
- ticker: HGV
- cik: 0001674168
- company_name: Hilton Grand Vacations Inc.
- filed_at: 2025-02-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674168/000114036125002888/0001140361-25-002888-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674168/000114036125002888/ef20042787_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-002888
- JSON: https://secwatch.observer/filing/0001140361-25-002888.json
- Plain text: https://secwatch.observer/filing/0001140361-25-002888.txt

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