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
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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;
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