Hilton Grand Vacations (NYSE: HGV) updates Warehouse Credit Facility terms

Rhea-AI Filing Summary

Hilton Grand Vacations Inc. reports that its subsidiary Hilton Grand Vacations Trust I LLC entered into Omnibus Amendment No. 5 to the Amended and Restated Receivables Loan Agreement, further modifying its revolving warehouse credit facility with a syndicate of lenders.

As of May 20, 2026, the company had approximately $200,000,000 in outstanding borrowings, excluding accrued interest, under this Warehouse Credit Facility. The participating lenders and their affiliates also provide other banking and advisory services to the company in the ordinary course of business.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Warehouse Credit Facility borrowings: $200,000,000

1 metrics

Warehouse Credit Facility borrowings $200,000,000 Outstanding under Warehouse Credit Facility as of May 20, 2026, excluding accrued interest

Key Terms

Amended and Restated Receivables Loan Agreement, Warehouse Credit Facility, conduit lenders, committed lenders, +1 more

5 terms

Amended and Restated Receivables Loan Agreement financial

"Omnibus Amendment No. 5 ... to the Amended and Restated Receivables Loan Agreement"

Warehouse Credit Facility financial

"the related revolving warehouse loan facility evidenced thereby (the “Warehouse Credit Facility”)"

A warehouse credit facility is a short-term loan line companies use to finance inventory, goods in transit, or newly made loans until those assets are sold, bundled, or converted into longer-term funding. Think of it as a temporary checkbook that keeps operations moving by covering costs upfront; investors watch it because heavy reliance or difficulty renewing the facility can signal liquidity stress, higher funding costs, or risk to future sales and cash flow.

conduit lenders financial

"certain financial institutions as conduit lenders, certain financial institutions as committed lenders"

committed lenders financial

"certain financial institutions as conduit lenders, certain financial institutions as committed lenders"

managing agents financial

"certain financial institutions as managing agents (such agents and lenders, the “lenders”)"

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): May 22, 2026 (May 20, 2026)

Hilton Grand Vacations Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware	001-37794	81-2545345
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

6355 MetroWest Boulevard, Suite 180 Orlando, Florida		32835
(Address of principal executive offices)		(Zip Code)

(407) 613-3100

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.01 par value per share		HGV		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company          ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

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:

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

• extends the revolving period to May 2028;

• 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

• 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.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
10.1		Omnibus Amendment No. 5, dated as of May 20, 2026, to 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.
104		Cover page Interactive Data File (embedded with the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	HILTON GRAND VACATIONS INC.
	By:	/s/ Charles R. Corbin
		Charles R. Corbin
		Senior Executive Vice President, General Counsel and Corporate Operations

Date:  May 22, 2026

FAQ

What financing change did Hilton Grand Vacations (HGV) disclose in this 8-K?

Hilton Grand Vacations disclosed that its subsidiary entered into Omnibus Amendment No. 5 to its Amended and Restated Receivables Loan Agreement. The amendment further modifies the company’s revolving Warehouse Credit Facility with a group of financial institution lenders.

How much does Hilton Grand Vacations (HGV) have outstanding under its Warehouse Credit Facility?

Hilton Grand Vacations reported approximately $200,000,000 in outstanding borrowings under its Warehouse Credit Facility as of May 20, 2026. This amount excludes any accrued interest and reflects usage of the receivables-backed revolving loan structure.

Which subsidiary of Hilton Grand Vacations (HGV) is the borrower under the amended facility?

Hilton Grand Vacations Trust I LLC, a subsidiary of Hilton Grand Vacations Inc., is the borrower under the Amended and Restated Receivables Loan Agreement. This entity entered into Omnibus Amendment No. 5 with the administrative agent, securities intermediary, and multiple lenders.

Who are the key financial institutions involved in Hilton Grand Vacations’ amended loan agreement?

Key participants include Computershare Trust Company, N.A. as securities intermediary and paying agent and Bank of America, N.A. as administrative agent and structuring agent. Additional conduit lenders, committed lenders, and managing agents collectively provide the Warehouse Credit Facility.

Does Hilton Grand Vacations (HGV) use these lenders for other services?

Yes. The lenders and their subsidiaries or affiliates have provided, and may continue to provide, commercial banking, investment banking and other financial advisory services to Hilton Grand Vacations and its subsidiaries, for which they receive customary fees and expenses.

Where can investors find the full text of Hilton Grand Vacations’ Amendment No. 5?

The full text of Omnibus Amendment No. 5 is filed as Exhibit 10.1 to the current report and incorporated by reference. Investors can review that exhibit for complete legal terms and conditions governing the Warehouse Credit Facility amendment.

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-10 EXHIBIT 10.1 1.6 MB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 21.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 15.7 KB