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Marriott Vacations Worldwide Completes $450 Million Term Securitization

1. Marriott Vacations completed a $450M securitization of vacation ownership loans. 2. The notes were issued at a blended interest rate of 5.16%.

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FAQ

Why Bullish?

The successful completion of securitization enhances liquidity and reduces financing costs, similar to past successful debt offerings boosting investor confidence.

How important is it?

The article indicates financial strength and strategic execution, which is crucial for investor perspective.

Why Short Term?

Immediate market reactions expected due to improved financial structure, evidenced by past reactions to securitization announcements.

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MARVAC
ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) announced today the completion of a $450 million securitization of vacation ownership loans, offered to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended. The notes were issued by MVW 2025-1 LLC (the “Issuer”). The notes have a blended interest rate of 5.16%.

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