Marriott Vacations Worldwide Enters Material Agreement
Ticker: VAC · Form: 8-K · Filed: Sep 19, 2025 · CIK: 1524358
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: VAC
TL;DR
MVW just signed a big deal, expect new financial obligations.
AI Summary
On September 18, 2025, Marriott Vacations Worldwide Corporation entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of the registrant. The report includes financial statements and exhibits.
Why It Matters
This filing signals a significant new financial commitment or arrangement for Marriott Vacations Worldwide, which could impact its future financial obligations and operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and new financial obligations can introduce financial risks and operational changes that require careful monitoring.
Key Players & Entities
- Marriott Vacations Worldwide Corp (company) — Registrant
- September 18, 2025 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Marriott Vacations Worldwide enter into?
The filing states that Marriott Vacations Worldwide Corporation entered into a material definitive agreement on September 18, 2025, but does not specify the exact nature of the agreement in the provided text.
What is the nature of the financial obligation created?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details are not provided in this excerpt.
What is the filing date of this 8-K report?
This 8-K report was filed as of September 19, 2025.
What is the principal business address of Marriott Vacations Worldwide Corp?
The principal business address is 7812 Palm Parkway, Orlando, FL 32836.
What is the Commission File Number for Marriott Vacations Worldwide Corp?
The Commission File Number is 001-35219.
Filing Stats: 2,259 words · 9 min read · ~8 pages · Grade level 16.9 · Accepted 2025-09-18 21:18:20
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 Par Value VAC New York Stock Exchange
- $575 million — "), and the other Initial Purchasers of $575 million aggregate principal amount of the Issue
- $800 million — ate credit facility consisting of (i) a $800 million seven-year Term Loan Credit Facility, (
- $450 million — r Revolving Credit Facility and (iii) a $450 million Delayed Draw Term Loan Credit Facility,
Filing Documents
- vac-20250918.htm (8-K) — 49KB
- a41indenture.htm (EX-4.1) — 1255KB
- 0001524358-25-000160.txt ( ) — 1624KB
- vac-20250918.xsd (EX-101.SCH) — 2KB
- vac-20250918_lab.xml (EX-101.LAB) — 21KB
- vac-20250918_pre.xml (EX-101.PRE) — 12KB
- vac-20250918_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement Indenture and Notes On September 18, 2025, Marriott Ownership Resorts, Inc. (the " Issuer "), a wholly owned subsidiary of Marriott Vacations Worldwide Corporation (" MVW " or the " Company "), entered into an Indenture (the " Indenture "), by and among the Issuer, the guarantors party thereto and The Bank of New York Mellon Trust Company, N.A., as trustee, in connection with the issuance and sale by the Issuer to Wells Fargo Securities, LLC, as the representative of the several initial purchasers (the " Initial Purchasers "), and the other Initial Purchasers of $575 million aggregate principal amount of the Issuer's 6.500% Senior Notes due 2033 (the " Notes "). The Issuer intends to use the net proceeds from the Notes, together with cash on hand, (i) for the repayment of $575 million outstanding aggregate principal amount of the Issuer's 0.00% Convertible Senior Notes due at or prior to maturity on January 15, 2026 (the " 2026 Convertible Notes ") (provided, that during the period between the closing of the offering of the Notes and the maturity date of the 2026 Convertible Notes, the Issuer intends to use such net proceeds to repay borrowings under the Revolving Credit Facility and/or invest in cash equivalent securities) and (ii) to pay transaction expenses and fees in connection with the foregoing. The Notes will bear interest at a rate of 6.500% per year, payable in cash semi-annually in arrears on April 1 and October 1 of each year, commencing on April 1, 2026. The Notes will mature on October 1, 2033. The Notes will initially be guaranteed on a senior unsecured basis by MVW and each of MVW's subsidiaries that guarantees the Corporate Credit Facility (as defined below), and, in the future, by each of MVW's subsidiaries (other than receivables subsidiaries or foreign subsidiaries) that becomes a borrower or a guarantor under a credit facility or other capital markets debt securities of the Issuer or any
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) The following exhibits are filed with this Current Report on Form 8-K: Exhibit Number Description 4.1 Indenture, dated as of September 18, 2025, by and among Marriott Ownership Resorts, Inc., Marriott Vacations Worldwide Corporation, as guarantor, the other guarantors party thereto and The Bank of New York Mellon Trust Company, N.A., as trustee. 4.2 Form of 6.500% Senior Notes due 2033 (included as Exhibit A to Exhibit 4.1). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES 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. MARRIOTT VACATIONS WORLDWIDE CORPORATION Dated: September 18, 2025 By: /s/ Jason P. Marino Name: Jason P. Marino Title: Executive Vice President and Chief Financial Officer 3