Hilton Upsizes and Consolidates $850MM Warehouse Facility Agented by BofA

Hilton Grand Vacations (HGV) closed on an upsized $850 million revolving warehouse facility. The facility will accommodate both deeded and trust inventory including loans from legacy Bluegreen Vacations, which HGV acquired in January 2024._x000D_
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The facility includes customary used and unused fees and the maximum advance rate remains at 90%. The facility’s revolving period will end in November 2026, with a final maturity in November 2027._x000D_
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“We are pleased to complete this significant milestone in integrating our capital markets platforms,” Dan Mathewes, president and chief financial officer of Hilton Grand Vacations, said. “We appreciate the ongoing support from our lenders and the increased capital commitments, which continue to position us for future success.”_x000D_
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Bank of America remains administrative agent of the facility, and the capital committed comes from Bank of America, Wells Fargo Bank, Deutsche Bank Securities, Truist Bank, Barclays, Goldman Sachs, MUFG Bank, Citizens Bank, Regions Bank, HSBC Bank and CIBC Bank. Alston and Bird represented HGV as issuer counsel.