(NYSE:VAC) ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW,” “we,” “us” or “our”) announced today that its wholly owned subsidiary, Marriott Ownership Resorts, Inc. (the “Issuer”), intends to offer, subject to market and other conditions, $575 million aggregate principal amount of senior notes due 2033 (the “Notes”). The Issuer intends to use the net proceeds from the Notes, together with cash on hand, (i) for the payment of $575 million aggregate principal amoun
Related Questions
How will the $575 million senior note issuance affect MVW's leverage ratios and credit profile?
What are the coupon rate, pricing, and covenants of the notes, and how do they compare to current market yields for similar senior debt?
How does this financing compare to recent debt offerings by peer hospitality and timeshare companies, and what does it indicate about MVW's growth and capital allocation strategy?