Hilton Grand Vacations entered into Amendment No. 10 to its Credit Agreement to add a new $850 million secured term loan. Proceeds will repay approximately $849 million of its existing term loan due 2028 and fund general corporate purposes. The loan matures on Jul 17 2033, carries interest at Term SOFR plus 2.00% or Base Rate plus 1.00%, and is guaranteed and first-lien secured, with quarterly amortization of 0.25% of original principal. Voluntary prepayments are permitted, with a 1% fee for repricing transactions within six months.
Agreement details:
- Agreement type: Secured seven-year term loan under amended credit agreement
- Counterparty: Wells Fargo Bank, as administrative agent, and other lenders
- Signed / Effective: Jul 17 2026 / same
- Duration / Termination: 7 years
- Reason: Refinance 2028 term loan and general corporate purposes
Original SEC Filing:
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