Marriott Vacations Worldwide Prices $470 Million Vacation Ownership Loan Securitization

Reuters11-18
Marriott Vacations Worldwide Prices $470 Million Vacation Ownership Loan Securitization

Marriott Vacations Worldwide Corporation $(VAC)$ has completed a $470 million securitization of vacation ownership loans, issuing notes to qualified institutional buyers in the United States under Rule 144A and internationally under Regulation S. The securitization involved three classes of notes: approximately $283 million of Class A Notes with an interest rate of 4.48%, approximately $106 million of Class B Notes at 4.72%, and approximately $81 million of Class C Notes at 4.97%. The overall transaction has a blended interest rate of 4.62% and a gross advance rate of 98%. Proceeds from the offering will be used to repay outstanding credit facility obligations and for general corporate purposes. The full prospectus URL is not provided in the document.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marriott Vacations Worldwide Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251118930002) on November 18, 2025, and is solely responsible for the information contained therein.
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