Hilton Grand Vacations announced the closing of an upsized and consolidated $1 billion revolving warehouse facility, strengthening the company’s financing platform and liquidity position.
The facility will continue to support both deeded and trust inventory, including loans from Elara, a Hilton Grand Vacations Club property in Las Vegas that the company acquired in April 2026. The maximum advance rate remains at 90%, and the agreement includes customary used and unused fees.
Under the terms of the transaction, the facility’s revolving period will end in May 2028, with final maturity scheduled for May 2029.
Bank of America will continue serving as the administrative agent for the facility. Capital commitments were provided by a syndicate of lenders, including Wells Fargo, Deutsche Bank, Barclays, Truist Financial, Goldman Sachs, MUFG Bank, Citizens Financial Group, Regions Financial Corporation, HSBC, CIBC, Bank of Montreal, and Santander Bank. Alston & Bird served as borrower counsel to Hilton Grand Vacations.
KEY QUOTE:
“This milestone strengthens our funding capacity and liquidity, supporting the momentum in our financing platform and helping to position us to deliver on our increased full-year adjusted EBITDA guidance. We appreciate the ongoing support from our lenders and the increased capital commitments, which continues to position us for future success.”
Dan Mathewes, President and Chief Financial Officer, Hilton Grand Vacations
