debt
confidence high
sentiment neutral
materiality 0.45
Hilton Grand Vacations completes $269M vacation-ownership loan securitization
Hilton Grand Vacations Inc.
- Issued four classes of notes: $153M Class A (4.30%), $73M Class B (4.74%), $26M Class C (5.57%), $17M Class D (8.73%).
- Overall weighted average interest rate of 4.83% and advance rate of 96%.
- Proceeds used to pay down debt and for general corporate purposes.
- Transaction brought five new investors; CFO cited strong execution despite higher benchmark rates.
- Notes rated by S&P and Moody's, offered in private placement under Rule 144A and Regulation S.