Hilton Grand Vacations Successfully Reprices Term Loan B

Hilton Grand Vacations Inc. (NYSE:HGV) announces today the successful re-pricing of its existing $1.3 billion Term Loan B, maturing Aug. 2, 2028. The new pricing will be SOFR plus 275 basis points, down from SOFR plus 300 basis points. Additionally, the interest rate floor for the Term Loan B has been lowered from 50 basis points to 0 basis points.

“Even in light of volatile markets, we were able to successfully lower our pricing on our Term Loan B by 25 basis points reflecting our strong leverage position and ample free cash flow,” said Dan Mathewes, chief financial officer of Hilton Grand Vacations. “The combination of new investors and annual interest savings over $3 million a year further position us to successfully execute on our strategic priorities.”

Proceeds of the issuance, net of fees, were used to reprice the existing Term Loan B due 2028.

Bank of America served as lead arranger and Simpson Thacher & Bartlett LLP represented HGV as issuer counsel.

Important Notice

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About Hilton Grand Vacations Inc.

Hilton Grand Vacations Inc. (NYSE:HGV) is recognized as a leading global timeshare company. With headquarters in Orlando, Florida, Hilton Grand Vacations develops, markets, and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations. As one of Hilton’s 22 premier brands, Hilton Grand Vacations has a reputation for delivering a consistently exceptional standard of service, and unforgettable vacation experiences for guests and more than 520,000 Club Members. Membership with the Company provides best-in-class programs, exclusive services and maximum flexibility for our Members around the world. For more information, visit www.corporate.hgv.com.

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