secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2025-09-19T23:59:59+00:00
Accession:  0001524358-25-000160
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud

Marriott Vacations Worldwide subsidiary issues $575M 6.500% Senior Notes due 2033
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- Issuer Marriott Ownership Resorts, Inc. issued $575M aggregate principal of 6.500% Senior Notes due 2033.
- Net proceeds will be used to repay $575M of 0.00% Convertible Senior Notes due January 15, 2026.
- Notes are guaranteed by Marriott Vacations Worldwide and certain subsidiaries; Delayed Draw Term Loan terminated.
- Interest payable semi-annually at 6.500% with first payment April 1, 2026; maturity October 1, 2033.
- Indenture includes covenants limiting additional debt, dividends, liens, mergers; customary events of default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435825000160/0001524358-25-000160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435825000160/vac-20250918.htm
  HTML page:      https://secwatch.observer/filing/0001524358-25-000160

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