Marriott Vacations Worldwide Corporation (NYSE:VAC) Files An 8-K Other EventsItem 8.01 Other Events
Marriott Vacations Worldwide Corporation (“Marriott Vacations Worldwide”) announced today the completion of a securitization of a pool of approximately $361 million of vacation ownership loans in a transaction involving the MVW Owner Trust 2017-1 (the “2017-1 Transaction”).
A copy of Marriott Vacations Worldwide’s press release regarding the 2017-1 Transaction is attached as Exhibit 99.1 and is incorporated by reference.
Item 8.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit99.1 |
Press release dated August 17, 2017. |
MARRIOTT VACATIONS WORLDWIDE Corp ExhibitEX-99.1 2 exhibit991-pressreleasedat.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Jeff HansenInvestor RelationsMarriott Vacations Worldwide [email protected] Kinney / Jacqueline Ader-GrobCorporate CommunicationsMarriott Vacations Worldwide Corporation407.206.6278 / [email protected] / [email protected] Vacations Worldwide Completes Securitization of Vacation Ownership LoansORLANDO,…To view the full exhibit click here
About Marriott Vacations Worldwide Corporation (NYSE:VAC)
Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The Company is a developer, marketer and seller of vacation ownership and related products under The Ritz-Carlton Destination Club brand. The Company develops, markets and sells whole ownership residential products under The Ritz-Carlton Residences brand. The Company operates through three segments: North America, Europe and Asia Pacific. The Company’s portfolio consists of approximately 60 properties in the United States and over eight other countries and territories. The Company’s brands include The Marriott Vacation Club, Grand Residences by Marriott, The Ritz-Carlton Destination Club and The Ritz-Carlton Residences. The Company also offers purchase money financing for purchasers of its vacation ownership products.