secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2022-04-06T23:59:59+00:00
Accession:  0001193125-22-097501
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MVW expands revolving credit facility to $750M and extends maturity to 2027
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- Revolver increased from $600M to $750M; $630M US and $120M multicurrency commitments.
- Maturity extended from August 2023 to March 2027; old $600M commitments terminated.
- Interest rate switched from LIBOR to Adjusted Term SOFR plus 0.10% with 0.00% floor.
- Applicable margins changed from credit-ratings-based to leverage-based.
- No other material changes to existing credit agreement terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000119312522097501/0001193125-22-097501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000119312522097501/d303083d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-097501

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