Welcome to our dedicated page for Marriott Vacations Worldwide C news (Ticker: VAC), a resource for investors and traders seeking the latest updates and insights on Marriott Vacations Worldwide C stock.
Marriott Vacations Worldwide Corporation (NYSE: VAC) is a global vacation company focused on vacation ownership, exchange, rental, and resort and property management, and its news flow reflects this mix of activities. Company press releases frequently describe a portfolio of approximately 120 vacation ownership resorts and around 700,000 owner families, supported by an exchange network and membership programs that include more than 3,200 affiliated resorts in over 90 countries and territories.
On this news page, readers can follow updates that the company issues about its business, including announcements on quarterly financial results, capital markets transactions, and corporate actions. Recent releases have covered topics such as quarterly earnings, securitizations of vacation ownership loans, offerings and pricing of senior notes, and changes in leadership at the president and chief executive officer level.
Investors tracking VAC news can also see information about dividends, share repurchase authorizations, and participation in investor conferences. These items provide insight into the company’s capital allocation decisions, financing approach, and communication with the investment community.
Because Marriott Vacations Worldwide operates vacation ownership, exchange, rental, and management businesses, its news often touches on contract sales performance, membership activity, and financial guidance, as reflected in its earnings releases and related presentations. Bookmark this page to access the stream of official company announcements and regulatory-related news that shape the ongoing story of VAC as a publicly traded vacation-focused company.
Marriott Vacations Worldwide completed its first timeshare receivable securitization of 2020, issuing $375 million in notes backed by approximately $383 million of vacation ownership loans. The weighted average interest rate for the notes is 2.53 percent, with a gross advance rate of 98 percent. The notes were issued by MVW 2020-1 LLC across four classes. Proceeds from the transaction will be allocated to repay a $531 million warehouse credit facility, cover transaction expenses, and support general corporate purposes.
Marriott Vacations Worldwide Corporation (NYSE: VAC) announced participation at the Jefferies Virtual Consumer Conference on June 24, 2020, at 9:30 a.m. ET. Executives John Geller and Neal Goldner will engage in a fireside chat. A live webcast will be accessible in the Investor Relations section of the company's website, and it will remain available for 30 days post-event. Marriott Vacations is a prominent vacation company offering ownership, exchange, and rental services, maintaining strong relationships with Marriott International and Hyatt Hotels.