- Victory Park Capital Announces $100 Million Credit Facility for Sétanta Development Capital
- Singing Machine Company Secures $15.0 Million Senior Secured Financing with Fifth Third Bank
- Kraken Robotics Enters into New Credit Agreement to Support Continued Growth
- Temporary Staffing Company Receives $6.75 Million Asset-Based Loan from Republic Business Credit
- J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
Marriott Vacations Expands Non-recourse Warehouse Credit Facility to $531 Million
April 2, 2020
Source: Marketwatch
Marriott Vacations Worldwide Corp. VAC, -0.12% said Thursday it has amended its non-recourse warehouse credit facility to expand its borrowing capacity to $531 million, up by $181 million. Under the terms of the agreement, the termination date for the existing $350 million warehouse facility remains Dec. 2021, with the additional capacity terminating on March 31, 2021. The interest rate on the warehouse facility is Libor plus 1.4%. The company has more than $310 million of borrowing capacity following the amendment.
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