secwatch / observer
8-K filed January 17, 2024, 6:59 PM ET CIK 0000315858
M&A confidence high sentiment neutral materiality 1.00

Bluegreen Vacations Holding Corp: M&A transaction — Bluegreen Vacations acquired by Hilton Grand Vacations for $75/share; merger closed Jan 17, 2024

Bluegreen Vacations Holding Corp

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Bluegreen Vacations Holding Corp underwent a change of control involving Hilton Grand Vacations Inc. for $75.00 in cash (closed 2024-01-17).

Action
change of control
Counterparty
Hilton Grand Vacations Inc.
Consideration
$75.00 in cash
Closing
2024-01-17
Exact text from the filing
the merger contemplated by the Merger Agreement (the “Merger”) was completed whereby, in accordance with the terms of the Merger Agreement, (i) Merger Sub merged with and into the Company, with the Company continuing as the surviving company of the Merger and becoming an indirect wholly-owned subsidiary of HGV, and (ii) each share of Class A Common Stock and Class B Common Stock of the Company outstanding at the effective time of the Merger (including each share subject to a restricted stock award outstanding at the effective time of the Merger) was canceled and converted into the right to receive $75.00 in cash
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Bluegreen Vacations Holding Corp terminated Third Amended and Restated Credit Agreement with Fifth Third Bank, National Association valued at Repaid in full all amounts outstanding and terminated (effective 2024-01-17).

Action
termination
Agreement
credit facility
Counterparty
Fifth Third Bank, National Association
Value
Repaid in full all amounts outstanding and terminated
Effective
2024-01-17
Exact text from the filing
On January 17, 2024, in connection with the completion of the Merger, Bluegreen Vacations Corporation, a wholly-owned subsidiary of the Company, repaid in full all amounts outstanding under, and terminated, the following credit facilities: (i) the Third Amended and Restated Credit Agreement, dated as of February 14, 2022, by and among Bluegreen Vacations Corporation, as borrower, the direct and indirect subsidiaries of the borrower party thereto from time to time, as guarantors, the various institutions party thereto from to time, as lenders, and Fifth Third Bank, National Association, as administrative agent and letter of credit issuer;
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-24-008970
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