Hilton Grand Vacations Completes $500 Million Term Securitization
Summary
"Our largest securitization to date reinforces HGVs leading market position and strengthens our progress toward achieving synergy targets," said Dan Mathewes, president and chief financial officer of Hilton Grand Vacations. 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. Certain classes of the transaction were rated by Standard & Poors Financial Services LLC (S&P) and Fitch Ratings (Fitch).This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained in this press release include statements related to HGVs revenues, earnings, taxes, cash flow and related financial and operating measures, and expectations with respect to future operating, financial and business performance and other anticipated future events and expectations that are not historical facts. HGV disclaims any intent or obligation to update any "forward-looking statement" made in this communication to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.Hilton Grand Vacations Inc. (NYSE:HGV) is recognized as a leading global timeshare company and is the exclusive vacation ownership partner of Hilton.