Hilton Grand Vacations Inc. (NYSE: HGV) closed an upsized $1 billion revolving warehouse facility, according to a company statement. The facility accommodates both deeded and trust inventory, including loans from Elara, a Hilton Grand Vacations Club resort in Las Vegas that was acquired in April 2026.

The facility maintains a maximum advance rate of 90% and includes standard used and unused fees. The revolving period ends in May 2028, with final maturity scheduled for May 2029.

"This milestone strengthens our funding capacity and liquidity, supporting the momentum in our financing platform and helping to position us to deliver on our increased full-year adjusted EBITDA guidance," said Dan Mathewes, president and chief financial officer of Hilton Grand Vacations.

Bank of America serves as administrative agent for the facility. The capital commitments come from multiple financial institutions including Bank of America, Wells Fargo Bank, Deutsche Bank, Barclays, Truist Bank, Goldman Sachs, MUFG Bank, Citizens Bank, Regions Bank, HSBC Bank, CIBC Bank, Bank of Montreal and Santander. Alston and Bird LLP represented HGV as borrower counsel.

The Orlando-based company operates as a timeshare company and serves as the exclusive vacation ownership partner of Hilton, with more than 720,000 club members.