---
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"
generated_at: "2026-06-25T09:10:31.882058+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Marriott Vacations completes $375M securitization of vacation ownership loans

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001524358-22-000022
- JSON: https://secwatch.observer/filing/0001524358-22-000022.json
- Plain text: https://secwatch.observer/filing/0001524358-22-000022.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.