Hilton Grand Vacations (HGV) has successfully closed an upsized $850 million revolving warehouse facility, designed to accommodate both deeded and trust inventory, including loans from Bluegreen Vacations, which HGV acquired in January 2024. The facility offers a 90% maximum advance rate, with a revolving period through November 2026 and final maturity in November 2027.
“This milestone integrates our capital markets platforms and positions us for future success,” stated Dan Mathewes, HGV’s President and CFO, acknowledging the support of lenders contributing to the increased capital commitments.
Bank of America serves as the administrative agent, with participation from lenders including Wells Fargo, Deutsche Bank, Truist Bank, Barclays, Goldman Sachs, and others. Alston & Bird LLP represented HGV as issuer counsel.
The transaction’s notes, offered via private placement to institutional investors, include certain classes rated by Standard & Poor’s and Fitch Ratings.
About Hilton Grand Vacations
Hilton Grand Vacations Inc. (NYSE: HGV) is a global leader in vacation ownership, headquartered in Orlando, Florida. As the exclusive vacation ownership partner of Hilton, HGV operates a portfolio of high-quality resorts across prime destinations, serving approximately 720,000 Club Members with exceptional services and unforgettable vacation experiences.
Forward-Looking Statements
This announcement contains forward-looking statements regarding HGV’s future operations and financial performance. These statements are subject to risks and uncertainties outlined in HGV’s filings with the SEC. HGV disclaims any obligation to update these statements as conditions evolve.
