Marriott Vacations Worldwide Closes $450 Million Securitization of Vacation Ownership Loans

MT Newswires Live

May 06, 2025

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

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