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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