Marriott Vacations Worldwide Completes $460 Million Term Securitization
Marriott Vacations Worldwide completed a $460 million securitization of vacation ownership loans through subsidiary MVW 2026-2 LLC, with a blended interest rate of 5.91% and a 98% gross advance rate. The notes are backed by roughly $470 million of loans across the company's timeshare brands and were sold to qualified institutional buyers under Rule 144A/Regulation S. Proceeds will pay down outstanding credit facility obligations and fund general corporate purposes.
Key figures
- Deal Value Usd
- 460000000
- Class a notes
- $303 million at 5.76%
- Class b notes
- $99 million at 6.05%
- Class c notes
- $58 million at 6.44%
- Loan pool size
- $470 million
- Gross advance rate
- 98%
- Blended interest rate
- 5.91%
AI analysis
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