secwatch.observer — SEC 8-K summary
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Issuer:     Hilton Grand Vacations Inc. (HGV)
CIK:        0001674168
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001193125-21-235002
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 5.02, 2.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674168/000119312521235002/0001193125-21-235002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674168/000119312521235002/d196399d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-235002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer