Welk returns to timeshare ABS market
Welk Resort Group is marketing a small timeshare offering after a two year absence, adding to the wave of esoteric issuance that has washed over the ABS market.
Welk, which industry observers consider to be a newer name, compared with seasoned timeshare issuers such as Wyndham and Hilton, is marketing a $149.03m deal that is expected to be priced later this week. Welk has tapped the ABS market only twice before, in 2013 and 2015.On ...
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