Business
Marriott Vacations Worldwide Completes $450 Million Term Securitization
ORLANDO, Fla., May 06, 2025--Marriott Vacations Worldwide Corporation (NYSE: VAC) ("MVW" or the "Company") announced today the completion of a $450 million securitization of vacation ownership loans, offered to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended. The notes were issued by MVW 2025-1 LLC (the "Issuer"). The notes have a blended interest rate of 5.16% and
About this update from Marriott Vacations Worldwide Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":8001,"height":2554,"url":"https://media.zenfs.com/en/business-wire.com/79dbd473cc762574a4d01787a015c016"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/LfQsK0cRv0XdqwSMyEJU_w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTMwNjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/79dbd473cc762574a4d01787a015c016","width":960,"height":306},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/SYfyM8ZvkQuET5e8m6z.PA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD03NjY7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/79dbd473cc762574a4d01787a015c016","width":1200,"height":383}},"lazy":false},{"type":"text","content":"ORLANDO, Fla., May 06, 2025--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) ("MVW" or the "Company") announced today the completion of a $450 million securitization of vacation ownership loans, offered to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended. The notes were issued by MVW 2025-1 LLC (the "Issuer"). The notes have a blended interest rate of 5.16% and a gross advance rate of 98%.","length":576,"tagName":"p"},{"type":"text","content":""We are very happy with the investor demand for this securitization, which underscores the resilience and confidence in our timeshare loan portfolio, at a time of intense market volatility. Each class was oversubscribed more than three times, a clear reflection of the strength of our business model and the trust that securitization investors place in us," said Jason Marino, Executive Vice President and Chief Financial Officer.","length":440,"tagName":"p"},{"type":"text","content":"The transaction was backed by a pool of approximately $459 million of vacation ownership loans from a variety of the Company’s timeshare brands. Three classes of notes were issued by the Issuer, comprising approximately $277 million of Class A Notes, approximately $93 million of Class B Notes, and approximately $80 million of Class C Notes. The Class A Notes have an interest rate of 4.97%, the Class B Notes have an interest rate of 5.21%, and the Class C Notes have an interest rate of 5.75%. ...