--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-24-009277" form_type: "8-K" ticker: "HGV" cik: "0001674168" company_name: "Hilton Grand Vacations Inc." filed_at: "2024-01-17T23:59:59+00:00" generated_at: "2026-06-06T22:36:00.986843+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 0.8 calibrated_materiality_score: 0.8 confidence: "high" source: SEC EDGAR --- # HGV closes $1.5B acquisition of Bluegreen Vacations; issues $1.8B in new debt ## Summary - All-cash deal for $1.5B inclusive of net debt; adds ~200,000 members and ~200 resorts. - Incurred $900M incremental term loans and issued $900M of 6.625% senior secured notes due 2032. - Expects ~$100M in annual run-rate cost synergies within 24 months post-close. - License amendment with Hilton commits to rebrand Bluegreen properties; minimum royalty payments if delayed. ## SEC filing metadata - accession: 0001193125-24-009277 - form_type: 8-K - ticker: HGV - cik: 0001674168 - company_name: Hilton Grand Vacations Inc. - filed_at: 2024-01-17T23:59:59+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 0.8 - calibrated_materiality_score: 0.8 - confidence: high - sec_items: 1.01, 2.01, 2.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1674168/000119312524009277/0001193125-24-009277-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674168/000119312524009277/d929151d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-24-009277 - JSON: https://secwatch.observer/filing/0001193125-24-009277.json - Plain text: https://secwatch.observer/filing/0001193125-24-009277.txt ## Key facts - Debt Financings Hilton Grand Vacations Inc. incurred senior notes of $900,000,000 aggregate principal amount of 6.625% senior secured notes due 2032 with Deutsche Bank Securities, Inc. at 6.625% per year maturing 2032. - Instrument: senior notes - Principal: $900,000,000 aggregate principal amount of 6.625% senior secured notes due 2032 - Counterparty: Deutsche Bank Securities, Inc. - Rate: 6.625% per year - Maturity: 2032 - Event: incurrence source text: On January 17, 2024, the Issuer, Hilton Grand Vacations Borrower Inc. (the “Co-Issuer” and, together with the Issuer, the “Issuers”), HGV, Holdings, the Subsidiary Guarantors (and, together with the Company and HGV Intermediate Parent, the “Guarantors”) and Wilmington Trust, National Association, as trustee (the “Trustee”) and notes collateral agent (the “Notes Collateral Agent”), entered into an indenture (the “Indenture”) in connection with the issuance and sale (the “Offering”) of $900,000,000 aggregate principal amount of 6.625% senior secured notes due 2032 (the “Notes”) to Deutsche Bank Securities, Inc. and certain other initial purchasers (collectively, the “Initial Purchasers”). evidence_url: https://www.sec.gov/Archives/edgar/data/1674168/000119312524009277/0001193125-24-009277-index.htm - Debt Financings Hilton Grand Vacations Inc. incurred term loan of $900.0 million incremental term loans with Bank of America, N.A. at Base Rate plus 1.75% per annum or Term SOFR plus 2.75% per annum maturing January 17, 2031. - Instrument: term loan - Principal: $900.0 million incremental term loans - Counterparty: Bank of America, N.A. - Rate: Base Rate plus 1.75% per annum or Term SOFR plus 2.75% per annum - Maturity: January 17, 2031 - Event: incurrence source text: On January 17, 2024, Hilton Grand Vacations Inc., a Delaware corporation (the “Company” or “HGV”), Hilton Grand Vacations Parent LLC, a Delaware limited liability company (“Holdings”), Hilton Grand Vacations Borrower LLC, a Delaware limited liability company (the “Borrower” or “Issuer”), and certain subsidiaries of the Borrower (the “Subsidiary Guarantors”), entered into Amendment No. 4 to the Credit Agreement (the “Amendment”), which amended the Credit Agreement, dated as of August 2, 2021, by and among the Company, Holdings, the Borrower, the guarantors from time to time party thereto, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent and collateral agent (the “Credit Agreement”), pursuant to which, among other things, the Borrower incurred $900.0 million of incremental term loans (the “New Term Loans”). evidence_url: https://www.sec.gov/Archives/edgar/data/1674168/000119312524009277/0001193125-24-009277-index.htm - Material Agreements Hilton Grand Vacations Inc. amended Amendment No. 4 to the Credit Agreement with Bank of America, N.A., as administrative agent and collateral agent valued at $900.0 million (effective 2024-01-17). - Action: amendment - Agreement: credit facility - Counterparty: Bank of America, N.A., as administrative agent and collateral agent - Value: $900.0 million - Effective: 2024-01-17 source text: On January 17, 2024, Hilton Grand Vacations Inc., a Delaware corporation (the "Company" or "HGV"), Hilton Grand Vacations Parent LLC, a Delaware limited liability company ("Holdings"), Hilton Grand Vacations Borrower LLC, a Delaware limited liability company (the "Borrower" or "Issuer"), and certain subsidiaries of the Borrower (the "Subsidiary Guarantors"), entered into Amendment No. 4 to the Credit Agreement (the "Amendment"), which amended the Credit Agreement, dated as of August 2, 2021, by and among the Company, Holdings, the Borrower, the guarantors from time to time party thereto, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent and collateral agent (the "Credit Agreement"), pursuant to which, among other things, the Borrower incurred $900.0 million of incremental term loans (the "New Term Loans"). evidence_url: https://www.sec.gov/Archives/edgar/data/1674168/000119312524009277/0001193125-24-009277-index.htm - Material Agreements Hilton Grand Vacations Inc. entered into Indenture with Deutsche Bank Securities, Inc. and certain other initial purchasers valued at $900,000,000 aggregate principal amount of 6.625% senior secured notes due 2032 (effective 2024-01-17). - Action: entry - Agreement: notes offering - Counterparty: Deutsche Bank Securities, Inc. and certain other initial purchasers - Value: $900,000,000 aggregate principal amount of 6.625% senior secured notes due 2032 - Effective: 2024-01-17 source text: On January 17, 2024, the Issuer, Hilton Grand Vacations Borrower Inc. (the "Co-Issuer" and, together with the Issuer, the "Issuers"), HGV, Holdings, the Subsidiary Guarantors (and, together with the Company and HGV Intermediate Parent, the "Guarantors") and Wilmington Trust, National Association, as trustee (the "Trustee") and notes collateral agent (the "Notes Collateral Agent"), entered into an indenture (the "Indenture") in connection with the issuance and sale (the "Offering") of $900,000,000 aggregate principal amount of 6.625% senior secured notes due 2032 (the "Notes") to Deutsche Bank Securities, Inc. and certain other initial purchasers (collectively, the "Initial Purchasers"). evidence_url: https://www.sec.gov/Archives/edgar/data/1674168/000119312524009277/0001193125-24-009277-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.