Hilton Grand Vacations Inc.

05/22/2026 | Press release | Distributed by Public on 05/22/2026 14:07

Material Agreement, Financial Obligation (Form 8-K)

Item 1.01.
Entry into a Material Definitive Agreement.

On May 20, 2026, Hilton Grand Vacations Trust I LLC (the "Borrower"), a subsidiary of Hilton Grand Vacations Inc. (the "Company"), entered into Omnibus Amendment No. 5, dated as of May 20, 2026 (the "Amendment") to the Amended and Restated Receivables Loan Agreement, dated as of May 3, 2022 (as previously amended, the "Amended and Restated Receivables Loan Agreement"), by and among the Borrower, as borrower, Computershare Trust Company, N.A., as securities intermediary and paying agent, Bank of America, N.A., as administrative agent and structuring agent, certain financial institutions as conduit lenders, certain financial institutions as committed lenders, and certain financial institutions as managing agents (such agents and lenders, the "lenders"). The Amendment further amends the Amended and Restated Receivable Loan Agreement and the related revolving warehouse loan facility evidenced thereby (the "Warehouse Credit Facility") and, among other things:


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increases the facility size from $850,000,000 to $1,000,000,000;

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extends the revolving period to May 2028;

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permits the Borrower to pledge as collateral timeshare loans related to the Elara timeshare resort and originated by LV Tower 52, LLC, subject to certain eligibility criteria and other conditions; and

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includes customary used and unused fees.

As of May 20, 2026, the Company had approximately $200,000,000 in outstanding borrowings, excluding accrued interest, under the Warehouse Credit Facility.
The lenders (and their respective subsidiaries or affiliates) have provided, and may in the future provide, various other commercial banking, investment banking and other financial advisory services for the Company and its subsidiaries in the ordinary course of business for which they have received, and may receive, customary fees and expenses.
This summary is qualified in its entirety by reference to the full text of the Amendment, filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 2.03.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein.
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