Hilton Grand Vacations Completes $300 Million Term Securitization
Hilton Grand Vacations Inc. (HGV)
Last hilton grand vacations inc. earnings: 4/30 07:30 am
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Source: Business Wire
ORLANDO, Fla.--(BUSINESS WIRE)--Hilton Grand Vacations Inc. (NYSE:HGV) announces today the completion of a $300 million securitization of vacation ownership loans through Hilton Grand Vacations Trust 2019-A (“the Trust”). Three classes of Notes were issued by the Trust, including approximately $215 million of Class A Notes, approximately $50 million of Class B Notes and approximately $34 million of Class C Notes.The Class A Notes have an interest rate of 2.34%, the Class B Notes have an interest rate of 2.54% and the Class C Notes have an interest rate of 2.84%, for an overall weighted average interest rate of 2.43%.“We are pleased with the execution on our 2019 ABS offering,” said Dan Mathewes, chief financial officer of Hilton Grand Vacations. “We continue to see strong support from the capital markets, which allowed us to complete an oversubscribed securitization at the lowest funding levels since our 2014-A deal.”Proceeds of the issuance, net of fees, will be used to pay down
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HGV
Earnings
- 2/29/24 - Beat
HGV
Sec Filings
- 4/2/24 - Form 4
- 4/1/24 - Form 4
- 3/28/24 - Form 8-K
- HGV's page on the SEC website