Hilton Grand Vacations Inc. announced the completion of a $500 million securitization of timeshare loans through Hilton Grand Vacations Trust 2024-3. Three classes of Notes were issued by the Trust, including approximately $273 million of Class A Notes, approximately $147 million of Class B Notes, and approximately $80 million of Class C Notes. The Class A Notes have a coupon rate of 4.98%, the Class B Notes have a coupon rate of 5.27%, and the Class C Notes have a coupon rate of 5.71%, for an overall weighted average coupon rate of 5.18%, and an overall advance rate of 98%. Proceeds of the issuance, net of fees, will be used to pay down debt and for other general corporate purposes.

This transaction marks HGV?s 12 term securitization of timeshare loans, and the first issuance to include HGV, Diamond Resorts, and Bluegreen Vacations collateral combined under the Hilton Grand Vacations Trust platform. Deutsche Bank Securities served as the Structuring Lead Manager and Joint Bookrunner along with BofA Securities, Wells Fargo Securities, Barclays, Goldman Sachs & Co. LLC, and MUFG.

Citizens Capital Markets, Regions Securities LLC, Truist Securities, and Academy Securities served as Co-Managers. Alston and Bird LLP represented HGV as issuer counsel. The Notes were offered in a private placement within the U.S. to qualified institutional buyers pursuant to Rule 144A and outside the U.S. in accordance with Regulation S under the Securities Act of 1933, as amended.

This press release is an announcement of record only and does not constitute an offer to sell or the solicitation of an offer to buy the Notes, all of which have been sold. Certain classes of the transaction were rated by Standard & Poor?s Financial Services LLC (S&P) and Fitch Ratings (Fitch).