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Stock impact report

Marriott Vacations Worldwide Announces Pricing of $575 Million of 6.500% Senior Notes

Marriott Vacations Worldwide Corporation (VAC) 
Last marriott vacations worldwide corporation earnings: 2/26 04:15 pm Check Earnings Report
Company Research Source: Business Wire
ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW,” “we,” “us” or “our”) today announced that its wholly owned subsidiary, Marriott Ownership Resorts, Inc. (the “Issuer”), priced an offering of $575 million aggregate principal amount of 6.500% senior notes due 2033 (the “Notes”) in a private placement. The offering is expected to close on September 18, 2025, subject to customary closing conditions.The Issuer intends to use the net proceeds from the Notes, together with cash on hand, (i) for the payment of $575 million aggregate principal amount of the 2026 Convertible Notes due at or prior to maturity on January 15, 2026 (provided, that during the period between the closing of the offering of the Notes and the maturity date of the 2026 Convertible Notes, the Issuer intends to use such net proceeds to repay borrowings under MVW’s $800 million revolving credit facility and/or invest in cash equivalent securities) and (ii) to pay transaction e Show less Read more
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