Marriott Vacations Worldwide Corporation announced the completion of a $445 million securitization of vacation ownership loans. This transaction was offered to qualified institutional buyers in the United States and internationally.
The notes issued by MVW 2024-2 LLC have a blended interest rate of 4.52%. This securitization provides the company with additional capital.
This financing activity is a key component of the company's liquidity management strategy. It allows Marriott Vacations Worldwide to monetize its vacation ownership loan portfolio.
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