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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Deutsche Bank, BofA, Others Upsize Marriott Vacations Credit Facility to $531MM
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Lenders/Participants
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Deutsche Bank AG [Lender]
Bank of America [Lender]
Credit Suisse AG [Lender]
Truist Bank [Lender]
Wells Fargo Bank [Lender]
Fifth Third Bank [Lender]
HSBC Bank USA [Lender]
MUFG [Lender]
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Structure
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Non-Recourse Warehouse Facility
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Amount
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$531.000
Million
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Borrower(s)
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Marriott Vacations Worldwide Corporation
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Description
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The Warehouse Amendment increases MVW’s non-recourse warehouse credit facility by approximately $181 million, to approximately $531 million. The revolving period for the existing $350 million warehouse facility terminates in December 2021, if not renewed. The additional $181 million facility terminates in March 2021, if not renewed. The warehouse facility presently primarily bears interest at LIBOR plus 1.4%, and previously primarily bore interest at LIBOR plus 1.1%. After giving effect to the Warehouse Amendment, the Company has more than $310 million of capacity.
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Industry
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Hospitality
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Location
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FL
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| Related Tags |
Bank of America, Credit Suisse AG, Deutsche Bank AG, Fifth Third Bank, HSBC Bank USA, MUFG Bank, Truist Bank, Wells Fargo Bank
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ABL Advisor
Deal Tables
2024
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