Hilton Grand Vacations’ $1 Billion Credit Facility

Simpson Thacher represented Hilton Grand Vacations Inc. in connection with a refinancing and increase of its credit facility with Bank of America, N.A. as the administrative agent.

The new credit facility consists of a 5-year $200 million term loan facility and a 5-year revolving credit facility in an aggregate principal amount of up to $800 million.

Hilton Grand Vacations Inc. is a leading global timeshare company that develops, markets and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations. Hilton Grand Vacations Inc. also manages and operates two innovative club membership programs, Hilton Grand Vacations Club® and The Hilton Club®, providing exclusive exchange, leisure travel and reservation services for more than 300,000 club members.

The Simpson Thacher team included Brian Gluck (Picture), Harini Mekala and Cristina Gonzalez (Banking and Credit); Drew Purcell and Pierce Pandolph (Tax); and Larry Moss and Jeanne Annarumma (ERISA).

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Brian Gluck – Simpson Thacher & Bartlett; Cristina Gonzalez – Simpson Thacher & Bartlett; Harini Mekala – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Pierce Pandolph – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Hilton Grand Vacations Inc.;