Hilton Grand Vacations Secures $400 Million Timeshare Loan Securitization
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Hilton Grand Vacations Inc. completed a $400 million securitization of timeshare loans, issuing four classes of notes with varying coupon rates. The proceeds will be used to pay down debt and for general corporate purposes. The weighted average coupon rate is 5.07% with a 96% advance rate. This AI-generated news brief is for informational purposes only and not financial advice.
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