Diamond Resorts International announced today that Diamond Resorts Corporation, an indirect wholly owned subsidiary of Diamond Resorts International, closed a senior secured revolving credit facility on September 11, 2013.

Credit Suisse Securities, J.P. Morgan Securities and Merrill Lynch, Pierce, Fenner & Smith or their respective affiliates, as applicable, acted as lenders, joint bookrunners and joint lead arrangers.

The credit facility has a maturity date of September 11, 2017 and provides for funds to be borrowed at an adjusted base rate or LIBOR rate, with up to a maximum of $25 million outstanding at any time.

Obligations under the credit facility are secured on a pari passu basis by the same collateral securing Diamond Resort’s 12% senior secured notes due 2018.

Diamond Resorts International manages vacation ownership resorts and sells vacation ownership points that provide members with access to 92 managed resorts, 210 affiliated properties and four cruise itineraries.