---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-235002"
form_type: "8-K"
ticker: "HGV"
cik: "0001674168"
company_name: "Hilton Grand Vacations Inc."
filed_at: "2021-08-03T23:59:59+00:00"
generated_at: "2026-06-29T23:26:01.412465+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# HGV closes Diamond Resorts acquisition; Apollo gets board seats, $1.3B loan

## Summary
- Closed acquisition of Diamond Resorts (92 properties) for approximately 33.9M HGV shares and cash in lieu of fractions.
- Entered $1.3B senior secured term loan due 2028 at LIBOR+3.00% (or base+2.00%); proceeds used for Merger and debt repayment.
- Apollo gets 2 board seats (David Sambur, Alex van Hoek); 160-day lock-up; standstill until after next annual meeting+90 days.
- Issued 33,925,901 unregistered HGV shares to Diamond stockholders as merger consideration.

## SEC filing metadata
- accession: 0001193125-21-235002
- form_type: 8-K
- ticker: HGV
- cik: 0001674168
- company_name: Hilton Grand Vacations Inc.
- filed_at: 2021-08-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 2.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674168/000119312521235002/0001193125-21-235002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674168/000119312521235002/d196399d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-235002
- JSON: https://secwatch.observer/filing/0001193125-21-235002.json
- Plain text: https://secwatch.observer/filing/0001193125-21-235002.txt

## Key facts
- Executive change
  Gordon S. Gurnik changed role as Senior Executive Vice President and Chief Operating Officer at Hilton Grand Vacations Inc..
  - Action: promoted
  - Role: Senior Executive Vice President and Chief Operating Officer
  source text: Gordon S. Gurnik’s title was changed from Executive Vice President and Chief Operating Officer to Senior Executive Vice President and Chief Operating Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674168/000119312521235002/0001193125-21-235002-index.htm
- Executive change
  David Sambur was appointed as Director at Hilton Grand Vacations Inc..
  - Action: appointed
  - Role: Director
  source text: the Board approved an increase in the size of the Board from seven to nine members and the appointments of Messrs. David Sambur and Alex von Hoek to fill the vacancies created by the increase
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674168/000119312521235002/0001193125-21-235002-index.htm
- Executive change
  Alex von Hoek was appointed as Director at Hilton Grand Vacations Inc..
  - Action: appointed
  - Role: Director
  source text: the Board approved an increase in the size of the Board from seven to nine members and the appointments of Messrs. David Sambur and Alex von Hoek to fill the vacancies created by the increase
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674168/000119312521235002/0001193125-21-235002-index.htm
- Executive change
  Daniel J. Mathewes changed role as Senior Executive Vice President and Chief Financial Officer at Hilton Grand Vacations Inc..
  - Action: promoted
  - Role: Senior Executive Vice President and Chief Financial Officer
  source text: Daniel J. Mathewes’s title was changed from Executive Vice President and Chief Financial Officer to Senior Executive Vice President and Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674168/000119312521235002/0001193125-21-235002-index.htm

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