Simpson Thacher Represents Hilton Grand Vacations in Connection With its $1 Billion Credit Facility
11.29.18
This is only gets display when printing
The Firm represented Hilton Grand Vacations Inc. in connection with a refinancing and increase of its credit facility with Bank of America, N.A. as the administrative agent. The new credit facility consists of a 5-year $200 million term loan facility and a 5-year revolving credit facility in an aggregate principal amount of up to $800 million.
Hilton Grand Vacations Inc. is a leading global timeshare company that develops, markets and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations. Hilton Grand Vacations Inc. also manages and operates two innovative club membership programs, Hilton Grand Vacations Club® and The Hilton Club®, providing exclusive exchange, leisure travel and reservation services for more than 300,000 club members.
The Simpson Thacher team included Brian Gluck, Harini Mekala and Cristina Gonzalez (Banking and Credit); Drew Purcell and Pierce Pandolph (Tax); and Larry Moss and Jeanne Annarumma (ERISA).