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-0.000219058050383464 -0.000109529025191732 -0.00153340635268347 0.000547645125958348 0.00262869660460016 0.0109529025191676 0.0280394304490689 0.0271631982475355
Stock impact report

Marriott Vacations Worldwide Completes $470 Million Term Securitization

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” or the “Company”) announced today the completion of a $470 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 2025-2 LLC (the “Issuer”). The notes have a blended interest rate of 4.62% and a gross advance rate of 98%.“This successful transaction affirms the strength of MVW’s core business and our standing as a market leader in timeshare securitization. We value the continued support of our investors and banking partners, which contributed to achieving an excellent outcome,” said Jason Marino, Executive Vice President and Chief Financial Officer.The transaction was backed by a pool of approximately $479 million of vacation ownership loans from a variety of the Company’s ti Show less Read more
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