Global Legal Chronicle | Hilton Grand Vacations Inc.’s $750 Million Revolving Warehouse Facility

Alston & Bird client Hilton Grand Vacations Inc. has completed an upsized revolving warehouse facility for $750 million, which will accommodate both right-to-use and deeded inventory. 

Alston & Bird client Hilton Grand Vacations Inc. has closed a $246 million securitization of vacation ownership loans through Hilton Grand Vacations Trust 2022-1D.

Alston & Bird client Hilton Grand Vacations Inc. has closed a $269 million securitization of vacation ownership loans through Hilton Grand Vacations Trust 2022-2. This marks a second ABS transaction in 2022 for HGV. The transaction features four classes of securities: approximately $153 million of Class A notes; approximately $73 million of Class B notes; approximately $26 million of Class C notes; and approximately $17 million of Class D notes.

Tara Castillo, Mark Harris, Clay Littlefield, David Baum, Nanci Weissgold, Jonathan Rose, William Hao, Ross Speier, Jacob Johnson, Andrew Claytor, Andrew Burton, and Krishna Pathak are noted for representing Regional Management Corp. in closing a private offering of $250 million of asset-backed notes, its largest securitization to date.

Alston & Bird client Hilton Grand Vacations (HGV) has completed a $293 million securitization of both HGV and legacy Diamond vacation ownership loans through Hilton Grand Vacations Trust 2023-1. Three classes of notes were issued by HGVT, including approximately $187 million of Class A notes, approximately $79 million of Class B notes, and approximately $27 million of Class C notes.