Marriott Vacations Worldwide (VAC) said Tuesday that it completed a $450 million securitization of vacation ownership loans.
The company said the notes were issued by MVW 2025-1 unit and have a blended interest rate and a gross advance rate of 5.16% and 98%, respectively.
The notes consist of about $277 million of 4.97% interest rate class A notes, $93 million of 5.21% class B notes and $80 million of 5.75% class C notes, Marriott Vacations said.
The transaction is supported by about $459 million of vacation ownership loans from a variety of Marriott's timeshare brands, according to the company.
Net proceeds will be used to pay down outstanding credit facility obligations and for other general corporate purposes, Marriott added.
Price: 58.81, Change: +0.33, Percent Change: +0.56
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。