Marriott Vacations raises $460M via ABS at 5.91% blended rate
Marriott Vacations Worldwide completed a $460M securitization of timeshare loans at a 5.91% blended rate, according to BusinessWire.
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what happened
Marriott Vacations Worldwide has completed a $460M securitization of loans tied to vacation ownership interests. The deal carries a 5.91% blended rate and a 98% gross advance rate, according to the company's press release distributed by BusinessWire.
Proceeds will be used to repay credit facility obligations and for general corporate purposes. The Class A tranche of $303M priced at 5.76%, Class B of $99M at 6.05%, and Class C of $58M at 6.44%. The collateral is roughly $470M of vacation ownership loans.
why it matters
The deal shows the company continuing to fund itself through the ABS market, a routine but relevant financing step. For the broader market the signal is modest: funding costs and a lighter revolver balance could affect interest expense, though the disclosed information does not yet quantify any savings.
market impact
VAC: lower revolver reliance may affect the company's interest expense
tags
instruments
sources
- Marriott Vacations Worldwide Corporation (VAC) Secures $460M ABS at 5.91% Blend — TradingView, 20 October 2026 at 17:15 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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