{"schema_version":"secwatch.filing_event.v1","accession":"0001524358-22-000022","form_type":"8-K","ticker":"VAC","cik":"0001524358","company_name":"MARRIOTT VACATIONS WORLDWIDE Corp","filed_at":"2022-05-19T23:59:59+00:00","discovered_at":"2026-05-14T18:04:01.018464+00:00","generated_at":"2026-06-25T09:10:31.882058+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Marriott Vacations completes $375M securitization of vacation ownership loans","bullets":["$375M in notes issued backed by ~$383M pool of vacation ownership loans from all timeshare brands.","Overall weighted average interest rate of 4.59% with gross advance rate of 98%.","Notes issued in four classes: $220M (4.15%), $77M (4.40%), $48M (5.23%), $30M (7.35%).","Proceeds used to repay $98M in warehouse facility, fund reserves/expenses ($7M), and $176M for general corporate purposes.","Will redeem VSE 2016-A transaction for ~$38M; majority of acquired loans to be purchased by LLC."],"urls":{"canonical":"https://secwatch.observer/filing/0001524358-22-000022","json":"https://secwatch.observer/filing/0001524358-22-000022.json","markdown":"https://secwatch.observer/filing/0001524358-22-000022.md","text":"https://secwatch.observer/filing/0001524358-22-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1524358/000152435822000022/0001524358-22-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1524358/000152435822000022/vac-20220519.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T09:10:31.882058+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}