Hilton Grand Vac - HGV STOCK NEWS

A Lim Kim has won the 2025 Hilton Grand Vacations Tournament of Champions, while former NHL All-Star Joe Pavelski claimed victory in the celebrity division. Kim finished at 20-under par, securing her third LPGA title by maintaining her lead throughout all four rounds at Lake Nona Golf & Country Club.

The tournament featured 32 LPGA Tour winners competing for a $2 million purse alongside 51 celebrities vying for $500,000 using a modified Stableford format. The event included entertainment highlights such as concerts by Luke Bryan, Chicago, and 3 Doors Down.

HGV demonstrated its community commitment through a $100,000 donation to the ANNIKA Foundation and hosted its annual Women's Leadership Conference featuring sports icons Brandi Chastain and Kira Dixon. The tournament also provided career exploration opportunities for Boys & Girls Clubs of Central Florida youth.

Hilton Grand Vacations (NYSE:HGV) has announced a new partnership with Operation Homefront, a national nonprofit supporting military families. HGV will donate $100,000 to support Operation Homefront's programs, including the Back-to-School Brigade® and Holiday Meals for Military®.

Operation Homefront has been providing family support programs since 2002, directing 83% of expenditures to help military families. The Back-to-School Brigade® has saved families over $63 million through school supplies distribution, delivering over 42,000 backpacks in 2024. Their Holiday Meals for Military® program has served more than 190,000 families since 2010.

As part of HGV Serves, the company's corporate social responsibility program, team members in select markets will have opportunities to volunteer for Operation Homefront initiatives. The partnership aims to support military families in the communities they protect.

Hilton Grand Vacations (NYSE:HGV) has successfully refinanced its credit facilities and term loans, achieving more favorable terms and extended maturities. The company's Revolving Credit Facility has been recast with reduced pricing spreads, expanded covenants, and extended maturity to January 2030.

Key refinancing details include:

• Term Loan A repriced to SOFR plus 165 basis points (down from 175)
• $828M Term Loan B (2028) repriced to SOFR plus 200 basis points (down from 250)
• $839M Term Loan B (2031) repriced to SOFR plus 200 basis points (down from 225)

The company expects these changes, along with full realization of run-rate synergies and declining integration spend over the next 24 months, to enhance its ability to execute strategic initiatives and expand vacation ownership offerings.

Hilton Grand Vacations (NYSE:HGV) has announced the lineup for the 2025 Hilton Grand Vacations Tournament of Champions, featuring 32 LPGA Tour winners from the previous two seasons competing alongside celebrities. The tournament, scheduled for Jan. 30 to Feb. 2 at Lake Nona Golf & Country Club in Orlando, offers $2 million in prize money for LPGA players and a $500,000 purse for celebrities.

Defending champion and LPGA Hall of Famer Lydia Ko will return, joining notable players like Olympic gold medalist Nelly Korda, Brooke Henderson, and 2023 Rookie of the Year Haeran Ryu. The celebrity roster includes NBC's Dylan Dreyer, actor Don Cheadle, NBA All-Star Blake Griffin, and NFL Hall of Famer Charles Woodson.

The event will feature a three-night private concert series with performances by Luke Bryan, Chicago, and 3 Doors Down. The tournament will be broadcast nationally on NBC, Peacock, and Golf Channel.

Hilton Grand Vacations (NYSE:HGV) has announced the celebrity lineup for its 2025 Tournament of Champions, featuring notable personalities including NBC's Dylan Dreyer, Don Cheadle, Blake Griffin, and Charles Woodson. The event, serving as the LPGA Tour's season opener, will be held from January 30 to February 2, 2025, at Lake Nona Golf & Country Club in Orlando.

LPGA Hall of Famer Lydia Ko, the reigning tournament winner, joins as a 2025 brand ambassador and will participate in exclusive events for HGV members. The tournament offers $2 million in prize money for LPGA Tour champions and a separate $500,000 purse for celebrities. The event will feature a three-night private concert series headlined by Luke Bryan and Chicago, among others.

Hilton Grand Vacations (NYSE:HGV) has launched a new youth golf clinic program in partnership with Boys & Girls Clubs of Central Florida. The six-week program features World Long Drive Champion Maurice Allen as coach, focusing on mental resilience, strategic thinking, and overcoming challenges. The initiative will conclude before the 2025 Hilton Grand Vacations Tournament of Champions, where participants will have the opportunity to attend and observe professional golfers.

The tournament is scheduled for Jan. 30-Feb. 2, 2025, at Lake Nona Golf & Country Club in Orlando, Florida, featuring LPGA Tour players and celebrities. The event will include a three-night private concert series headlined by Luke Bryan and Chicago.

Hilton Grand Vacations (NYSE:HGV) has closed an upsized $850 million revolving warehouse facility that will accommodate both deeded and trust inventory, including loans from recently acquired Bluegreen Vacations. The facility maintains a 90% maximum advance rate and will revolve until November 2026, with final maturity in November 2027. Bank of America continues as administrative agent, with participation from multiple major banks. This consolidation represents a significant milestone in integrating HGV's capital markets platforms following the Bluegreen acquisition in January 2024.

Hilton Grand Vacations (NYSE:HGV) has completed a $500 million securitization of timeshare loans through Hilton Grand Vacations Trust 2024-3. The Trust issued three classes of Notes: $273 million Class A Notes (4.98% coupon), $147 million Class B Notes (5.27% coupon), and $80 million Class C Notes (5.71% coupon), achieving an overall weighted average coupon rate of 5.18% and a 98% advance rate.

This marks HGV's 12th term securitization and first issuance combining HGV, Diamond Resorts, and Bluegreen Vacations collateral under the Hilton Grand Vacations Trust platform. The proceeds will be used to pay down debt and for general corporate purposes.

Hilton Grand Vacations (HGV) reports Q3 2024 results with total revenues of $1.306 billion, up from $1.018 billion in Q3 2023. Contract sales reached $777 million with a member count of 722,000. Net income decreased to $29 million from $92 million year-over-year, while Adjusted EBITDA rose to $303 million from $269 million. The company repurchased 2.8 million shares for $108 million and maintains its full-year 2024 Adjusted EBITDA guidance of $1.075-1.135 billion. Total corporate debt stands at $5.0 billion with a weighted average interest rate of 6.699%.