Hilton Grand Vacations Inc. (NYSE:HGV) announces today the successful recast of its Revolving Credit Facility (“the Revolver”) and re-pricing of its Term Loan B due 2028, and incremental TLB (“TLB”) due 2031. The terms of the Revolver were amended to reduce pricing spreads, expand covenants, reset certain incurrence baskets and extend maturity to January 2030. Additionally, the Term Loan A, due January 2028, was repriced to SOFR plus 165 basis points, down from SOFR plus 175.

The $828 million TLB, maturing August 2028 was repriced to SOFR plus 200 basis points, down from SOFR plus 250, and the $839 million TLB, maturing January 2031 was repriced to SOFR plus 200, down from SOFR plus 225.

“We’re extremely pleased with the successful repricing and maturity extension of our revolver and other debt,” said Dan Mathewes, president and chief financial officer of Hilton Grand Vacations. “These initiatives demonstrate the continued optimization of our capital structure. Combined with expected full realization of run-rate synergies and declining integration spend over the next 24 months, these efforts put the company in an ideal position to execute on its strategic initiatives and broaden vacation ownership offerings and experiences for our members and guests.”

Wells Fargo served as lead arranger for the Revolving Credit Facility renewal, and Deutsche Bank served as lead arranger for the Term Loan B re-pricings. Simpson Thacher & Bartlett LLP represented HGV as issuer counsel.

Important Notice

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. Forward-looking statements convey management’s expectations as to the future of HGV, and are based on management’s beliefs, expectations, assumptions and such plans, estimates, projections and other information available to management at the time HGV makes such statements. Forward-looking statements include all statements that are not historical facts, and may be identified by terminology such as the words “outlook,” “believe,” “expect,” “potential,” “goal,” “continues,” “may,” “will,” “should,” “could,” “would,” “seeks,” “approximately,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” “future,” “guidance,” “target,” or the negative version of these words or other comparable words, although not all forward-looking statements may contain such words. The forward-looking statements contained in this press release include statements related to HGV’s 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 cautions you that our forward-looking statements involve known and unknown risks, uncertainties and other factors, including those that are beyond HGV’s control, which may cause the actual results, performance or achievements to be materially different from the future results. Any one or more of these risks or uncertainties could adversely impact HGV’s operations, revenue, operating profits and margins, key business operational metrics, financial condition or credit rating. For a more detailed discussion of these factors, see the information under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in HGV’s most recent Annual Report on Form 10-K, which may be supplemented and updated by the risk factors in HGV’s quarterly reports, current reports and other filings HGV makes with the SEC. HGV’s forward-looking statements speak only as of the date of this communication or as of the date they are made. 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.

About Hilton Grand Vacations Inc.

Hilton Grand Vacations Inc. (NYSE:HGV) is recognized as a leading global timeshare company and is the exclusive vacation ownership partner of Hilton. With headquarters in Orlando, Florida, Hilton Grand Vacations develops, markets, and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations. Hilton Grand Vacations has a reputation for delivering a consistently exceptional standard of service, and unforgettable vacation experiences for guests and approximately 720,000 Club Members. Membership with the Company provides best-in-class programs, exclusive services and maximum flexibility for our Members around the world.

For more information, visit www.corporate.hgv.com. Follow us on Instagram, Facebook, LinkedIn, X (formerly Twitter), Pinterest and YouTube.

Investor Contact: Mark Melnyk 407-613-3327 mark.melnyk@hgv.com

Media Contact: Lauren George 407-613-8431 lauren.george@hgv.com

Hilton Grand Vacations (NYSE:HGV)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025 Hilton Grand Vacations 차트를 더 보려면 여기를 클릭.
Hilton Grand Vacations (NYSE:HGV)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025 Hilton Grand Vacations 차트를 더 보려면 여기를 클릭.