ORLANDO, Fla., Oct. 10, 2019 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (VAC) announced today the completion of a securitization of a pool of approximately $315 million of vacation ownership loans. Approximately $236 million of the loans were purchased on October 10, 2019 by MVW 2019-2 LLC (the "LLC"), and all or a portion of the remaining loans may be purchased by the LLC prior to March 31, 2020. In connection with the securitization, investors purchased $309 million of notes (the "Notes") from the LLC. The Notes were offered in a private placement within the United States to qualified institutional buyers pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended.
To see how such loans can be financed, see here