---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-297997"
form_type: "8-K"
ticker: "VAC"
cik: "0001524358"
company_name: "MARRIOTT VACATIONS WORLDWIDE Corp"
filed_at: "2022-12-05T23:59:59+00:00"
generated_at: "2026-06-21T09:32:34.286912+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Marriott Vacations announces $500M convertible note offering to refinance debt and buy back stock

## Summary
- Offering $500M in convertible senior notes due 2027, with initial purchasers' option for additional $75M.
- Net proceeds to redeem $500M of 6.125% Senior Secured Notes due 2025 at 103.063% of principal, plus accrued interest.
- Also to repay revolver borrowings and repurchase up to $55M of common stock under existing share repurchase program.
- Company to enter convertible note hedge and warrant transactions to reduce potential dilution.

## SEC filing metadata
- accession: 0001193125-22-297997
- form_type: 8-K
- ticker: VAC
- cik: 0001524358
- company_name: MARRIOTT VACATIONS WORLDWIDE Corp
- filed_at: 2022-12-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1524358/000119312522297997/0001193125-22-297997-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1524358/000119312522297997/d403343d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-297997
- JSON: https://secwatch.observer/filing/0001193125-22-297997.json
- Plain text: https://secwatch.observer/filing/0001193125-22-297997.txt

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