Hilton Grand Vacations Completes $300 Million Timeshare Loan Securitization
Hilton Grand Vacations Inc. (NYSE:HGV) has announced the completion of a $300 million securitization of timeshare loans through Hilton Grand Vacations Trust 2025-1. This transaction involved the issuance of three classes of Notes: approximately $166.5 million of Class A Notes with a coupon rate of 4.88%, approximately $87 million of Class B Notes with a coupon rate of 5.18%, and approximately $46.5 million of Class C Notes with a coupon rate of 5.52%. The overall weighted average coupon rate for the Notes is 5.07%, with an advance rate of 97%. The proceeds from the issuance, net of fees, will be used to pay down debt and for other general corporate purposes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hilton Grand Vacations Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250618150642) on June 18, 2025, and is solely responsible for the information contained therein.
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