HGV preps first post-spinoff timeshare ABS

Hilton Grand Vacations (HGV) is getting ready to market its first no-grow timeshare transaction, after completing its spin-off from Hilton Worldwide in January.

  • By Sasha Padbidri
  • 16 Feb 2017

Deutsche Bank and Bank of America Merrill Lynch are leading the $350m transaction, which is expected to market next week. S&P Global Ratings and Fitch Ratings assigned preliminary ratings of AA/AA to the $291.07m ‘A’ notes and A/BBB+ to the $58.93m ‘B’ notes.

Following the spin-off from ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
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5 Credit Suisse 25,010.27 80 5.33%