Marriott Vacations Worldwide Prices $575M Senior Notes

By Philip Seaworth • Friday, September 05 10:37 • Permanent Link

Marriott Vacations Worldwide Corporation (NYSE: VAC) has announced the pricing of $575 million aggregate principal amount of 6.500% senior notes due 2033 in a private placement. The offering is expected to close on September 18, 2025, subject to customary closing conditions.

The company plans to use the net proceeds from the notes, together with cash on hand, for the payment of $575 million aggregate principal amount of the 2026 convertible notes due at or prior to maturity on January 15, 2026. Additionally, the net proceeds will be used to pay transaction expenses and fees in connection with the foregoing.

The notes were offered and sold to qualified institutional buyers within the meaning of Rule 144A under the Securities Act of 1933, as amended, or to persons outside the United States that are not "U.S. persons" within the meaning of Regulation S under the Securities Act and that are not acquiring the notes for the account or benefit of a U.S. person.

It's important to note that the notes may not be offered or sold in the United States or to any U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The notes have not been registered under the Securities Act or the securities laws of any other jurisdiction.

Marriott Vacations Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental, and resort and property management, along with related businesses, products, and services. The company has approximately 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories and provides management services to other resorts and lodging properties. As a result of these announcements, the company's shares have moved 1.4% on the market, and are now trading at a price of $78.82. For the full picture, make sure to review MARRIOTT VACATIONS WORLDWIDE Corp's 8-K report.

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