Hilton Grand Vacations Enters Material Definitive Agreement
Ticker: HGV · Form: 8-K · Filed: Oct 9, 2024 · CIK: 1674168
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
HGV just signed a big deal, creating a new financial obligation. Details to follow.
AI Summary
Hilton Grand Vacations Inc. entered into a material definitive agreement on October 8, 2024, related to a direct financial obligation. The company, incorporated in Delaware, filed this 8-K report on October 9, 2024, detailing the creation of this obligation.
Why It Matters
This filing indicates a significant new financial commitment or obligation for Hilton Grand Vacations, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — The creation of a new material definitive agreement and financial obligation introduces potential risks related to the terms and execution of this agreement.
Key Numbers
- 001-37794 — SEC File Number (Identifies the company's filing with the SEC.)
- 81-2545345 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Hilton Grand Vacations Inc. (company) — Registrant
- October 8, 2024 (date) — Date of Earliest Event Reported
- October 9, 2024 (date) — Filing Date
- Delaware (jurisdiction) — State of Incorporation
FAQ
What is the nature of the material definitive agreement entered into by Hilton Grand Vacations?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this excerpt.
When did Hilton Grand Vacations enter into this material definitive agreement?
The earliest event reported in the filing occurred on October 8, 2024.
What is the filing date of this 8-K report?
This 8-K report was filed on October 9, 2024.
In which state is Hilton Grand Vacations Inc. incorporated?
Hilton Grand Vacations Inc. is incorporated in Delaware.
What is the principal executive office address for Hilton Grand Vacations Inc.?
The principal executive offices are located at 6355 MetroWest Boulevard, Suite 180, Orlando, Florida 32835.
Filing Stats: 1,077 words · 4 min read · ~4 pages · Grade level 11 · Accepted 2024-10-09 08:30:56
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share HGV New York St
- $400.0 million — ong other things, the Borrower incurred $400.0 million of incremental term loans (the "New Ter
- $400.0 — an aggregate principal amount equal to $400.0 and accrued and unpaid interest thereon
- $50.0 million — the Credit Agreement was increased from $50.0 million to $150.0 million. This summary is qu
- $150.0 million — ent was increased from $50.0 million to $150.0 million. This summary is qualified in its ent
Filing Documents
- d886392d8k.htm (8-K) — 30KB
- d886392dex101.htm (EX-10.1) — 1520KB
- 0001193125-24-234812.txt ( ) — 2010KB
- hgv-20241008.xsd (EX-101.SCH) — 3KB
- hgv-20241008_lab.xml (EX-101.LAB) — 18KB
- hgv-20241008_pre.xml (EX-101.PRE) — 11KB
- d886392d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description Exhibit 10.1 Amendment No. 7 to the Credit Agreement, dated as of October 8, 2024, by and among Hilton Grand Vacations Borrower LLC, Hilton Grand Vacations Parent LLC, the guarantors party thereto and Bank of America, N.A., as the administrative agent. Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HILTON GRAND VACATIONS INC. By: /s/ Charles R. Corbin Charles R. Corbin Executive Vice President, General Counsel and Secretary Date: October 9, 2024