{"schema_version":"secwatch.filing_event.v1","accession":"0001524358-24-000035","form_type":"8-K","ticker":"VAC","cik":"0001524358","company_name":"MARRIOTT VACATIONS WORLDWIDE Corp","filed_at":"2024-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.814916+00:00","generated_at":"2026-06-04T03:30:39.304527+00:00","sec_items":["1.01","2.03","1.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Marriott Vacations refinances $800M term loan, extends maturity to 2031","bullets":["New $800M term loan due April 1, 2031 refinances existing term loan due August 2025.","Interest rate set at SOFR plus 2.25%; details in Exhibit 10.1.","Amendment includes other modifications to the 2018 Credit Agreement.","Transaction reduces near-term refinancing risk and extends debt maturity."],"urls":{"canonical":"https://secwatch.observer/filing/0001524358-24-000035","json":"https://secwatch.observer/filing/0001524358-24-000035.json","markdown":"https://secwatch.observer/filing/0001524358-24-000035.md","text":"https://secwatch.observer/filing/0001524358-24-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1524358/000152435824000035/0001524358-24-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1524358/000152435824000035/vac-20240402.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T03:30:39.304527+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":[{"claim_id":"f03fb3281fc4d35c50f17d79f945553fd08e1967","claim":"MARRIOTT VACATIONS WORLDWIDE Corp incurred term loan of $800 million with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the lenders party thereto at secured overnight financing rate plus 2.25% maturing April 1, 2031.","evidence_excerpt":"The 2024 Amendment, among other things, provides for a new $800 million term loan facility scheduled to mature on April 1, 2031 (the “New Term Loan”) that refinanced in full the existing term loan under the Credit Agreement, which was due to mature on August 31, 2025.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1524358/000152435824000035/0001524358-24-000035-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$800 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the lenders party thereto"},{"label":"Rate","value":"secured overnight financing rate plus 2.25%"},{"label":"Maturity","value":"April 1, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c8726a34431b80b8a169600917dbec74673d6fb4","claim":"MARRIOTT VACATIONS WORLDWIDE Corp amended Incremental Facility Amendment and Amendment No. 3 with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the lenders party thereto valued at $800 million (effective 2024-04-01).","evidence_excerpt":"On April 1, 2024, Marriott Vacations Worldwide Corporation (“MVW”), Marriott Ownership Resorts, Inc. (“MORI”) and certain other of MVW’s subsidiaries entered into an Incremental Facility Amendment and Amendment No. 3 (the “2024 Amendment”) to the Credit Agreement, dated as of August 31, 2018, among MVW, MORI, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the lenders party thereto (the “Credit Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1524358/000152435824000035/0001524358-24-000035-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the lenders party thereto"},{"label":"Value","value":"$800 million"},{"label":"Effective","value":"2024-04-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}