Hilton Grand Vacations Secures $400 Million Term Loan to Strengthen Financial Position

Hilton Grand Vacations Secures $400 Million Term Loan to Optimize Financial Strategy

ORLANDO, Fla.--(BUSINESS WIRE)--Hilton Grand Vacations Inc. (NYSE:HGV) has successfully issued a $400 million Senior Secured Term Loan A, set to mature in January 2028. The loan is priced at SOFR plus 175 basis points and will be used to partially pre-pay the existing $1.3 billion Term Loan B, which matures in August 2028.

Dan Mathewes, President and Chief Financial Officer of Hilton Grand Vacations, stated, "With impressive execution, we continue to lower our interest costs and optimize our balance sheet, positioning us for the future. This issuance strengthens the company’s balance sheet and generates nearly $10 million in interest savings over the life of the Term Loan A."

The financial maneuver was orchestrated with Bank of America as the lead arranger, and legal representation for HGV was provided by Simpson Thacher & Bartlett LLP.

Forward-Looking Statements

This press release includes forward-looking statements based on current management expectations. These statements are subject to risks and uncertainties that may cause actual results to differ materially. For further details, refer to the "Risk Factors" section in HGV’s most recent Annual Report on Form 10-K.

About Hilton Grand Vacations Inc.

Hilton Grand Vacations Inc. is a premier global timeshare company and the exclusive vacation ownership partner of Hilton. Headquartered in Orlando, Florida, the company develops and operates high-quality vacation ownership resorts in prime destinations. It serves approximately 720,000 Club Members, offering them best-in-class programs and exclusive services.

For more details, visit www.corporate.hgv.com. Follow Hilton Grand Vacations on Instagram, Facebook, LinkedIn, X (formerly Twitter), Pinterest, and YouTube.