Diamond Resorts Reports First Quarter 2021 Financial Results
News provided by
Share this article
Share this article
ORLANDO, Fla., April 30, 2021 /PRNewswire/ Diamond Resorts ( Diamond or the Company ), today announced that as a result of its pending merger agreement with Hilton Grand Vacations (NYSE: HGV), it is publicly releasing its investor materials for the quarter ended March 31, 2021.
The materials, which can be accessed by clicking on the corresponding hyperlinks below, include the following:
A replay of the teleconference is also available through May 6, 2021 and can be accessed by dialing 404-537-3406; and referencing ID# 4847855.
For inquiries regarding Diamond s first quarter 2021 results, please contact Diamond s investor relations department. For inquiries regarding Diamond s pending merger agreement with Hilton Grand Vacations, please contact Hilton Grand Vacations investor relations department.
Diamond Resorts Reports First Quarter 2021 Financial Results
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Hilton Grand Vacations Orlando HQ campus up for sale - Orlando Business Journal
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
The three-year, four-part deal,
Diamond Resorts Owner Trust 2021-1, was the timeshare operator s first ABS transaction following Hilton Grand Vacations US$1.4bn all-stock purchase from its owners Apollo Global Management, Reverence Capital Partners and other investors on March 10.
Like other recent timeshare offerings, new investors participated in the Diamond offering, propelling spreads to come in well inside their initial price talk, a source familiar with the deal said.
For example, the deal s US$83.18m Single A rated B note cleared at 150bp over swaps, well inside initial price thoughts in the 200bp area, while US$65.36m Triple B rated C note priced at swaps plus 215bp compared with an early assessment in the 275bp area, two buyside sources said.