Simpson Thacher Represents JPMorgan in Establishing a $200 Million Secured Revolving Credit Facility for Marriott Vacations Worldwide Corporation
11.23.11
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The Firm represented JPMorgan Chase Bank, N.A. and J.P. Morgan Securities LLC, as Administrative Agent and Lead Arranger, respectively, in connection with establishing a new $200 million secured revolving credit facility for Marriott Vacations Worldwide Corporation (“MVWC”). MVWC was established by Marriott International Inc. (“MI”) to hold its vacation ownership and timeshare business and the credit facility was entered into in connection with the spinoff of MVWC to the shareholders of MI.
The Simpson Thacher team for the transaction included: David Eisenberg, Eli Isak, Hayley Urkevich and Chelsea Freeman (Credit & Banking), Mardi Merjian, Heesun Kang and Nitya Kumar (Real Estate), Lori Lesser and Genevieve Dorment (IP).