Hilton Grand Vacations refinances $400M term loans, boosts L/C capacity to $150M

Hilton Grand Vacations Inc.

Incurred $400M incremental term loans (New Term Loans); proceeds used to repay $400M of existing Initial Term Loans.
New Term Loans mature Jan 8, 2028, with no amortization; interest at Base Rate +0.75% or SOFR +1.75%.
Letter of Credit sublimit increased from $50M to $150M under the credit agreement.
New Term Loans rank pari passu with existing term loans and revolving credit; subject to same covenants.
Borrower may voluntarily prepay New Term Loans without premium or penalty, except breakage costs.

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