Marriott Vacations Worldwide Completes $460 Million Term Securitization
Business Wire•20/10/2026•13:15 ET
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Key Highlights
- ➤$460 million securitization completed at 5.91% blended interest rate
- ➤98% gross advance rate achieved on vacation ownership loan-backed notes
- ➤Proceeds to pay down credit facility obligations and fund general corporate purposes
- ➤Notes backed by approximately $470 million of vacation ownership loans
Expert Statements
Jason Marino, Executive Vice President and Chief Financial Officer of Marriott Vacations Worldwide Corporation
“We are pleased with the successful execution of this transaction in a challenging ABS market. Our access to liquidity is supported by the strength of our historical performance, business and customer profile and our leading ABS platform”
Marriott Vacations Worldwide Completes $460 Million Term Securitization
Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) announced today the completion of a $460 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 2026-2 LLC (the “Issuer”). The notes have a blended interest rate of 5.91% and a gross advance rate of 98%.
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