Marriott Vacations Worldwide Completes First Securitization of Vacation Ownership Loans in 2023

Apr 13, 2023

Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) announced today the completion of its first timeshare receivable securitization of 2023 (the “2023-1 Securitization”), offered pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended. $380 million of notes (the “Notes”) were issued in the transaction, backed by a pool of approximately $388 million of vacation ownership loans from a variety of the Company’s timeshare brands. The transaction was structured with a gross advance rate of 98% and a weighted average interest rate of 5.52%.

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