Hilton Grand Vacations launches $1.28 billion term loan repricing

By Paul A. Harris

Portland, Ore., Sept. 25 – Hilton Grand Vacations Borrower LLC launched a repricing of $1.277 billion of its term loan B due Aug. 2, 2028 on Monday, according to a market source.

Spread talk is SOFR plus 250 basis points to 275 bps. The present spread is 300 bps.

The deal is offered at par.

Repricing eliminates the 0.5% floor. CSA remains unchanged.

Commitments are due at 5 p.m. ET on Thursday.

BofA is the left arranger. Other arrangers are expected to be announced.

The borrower is an Orlando, Fla.-based timeshare resort company.

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