Marriott Vacations Worldwide Places $460 Million Timeshare Loan-Backed Notes
Marriott Vacations Worldwide closed a $460 million securitization of timeshare loans, with notes carrying a 5.91% average rate and a 98% gross advance rate.
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what happened
Marriott Vacations Worldwide Corporation (MVW) said it finished a $460 million securitization of vacation ownership loans. The notes were sold to qualified institutional buyers in the US under Rule 144A and to investors outside the US under Regulation S.
The issuer, MVW 2026-2 LLC, backed the deal with a loan pool of roughly $470 million drawn from several of the company's timeshare brands. Three note classes were issued: about $303 million of Class A at 5.76%, about $99 million of Class B at 6.05%, and about $58 million of Class C at 6.44%.
CFO Jason Marino called the execution “successful” in what he described as a challenging ABS market. Net proceeds will go toward repaying credit facility borrowings and general corporate purposes.
why it matters
The deal shows timeshare lenders can still raise funds through asset-backed bonds, though the market remains tough. Coupons near 6% give a reference point for borrowing costs in similar issues. For broad markets the event is small.
tags
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sources
- Marriott Vacations Worldwide Completes $460 Million Term Securitization — 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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