NEW 5-YEAR, $500 MILLION CREDIT FACILITY SETS PATH FOR

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2022
73
NEW 5-YEAR, $500 MILLION CREDIT FACILITY SETS PATH FOR GROWTH OF ORANGE LAKE RESORTS

Orlando, Fla., April 04, 2019 (GLOBE NEWSWIRE) -- Orange Lake Resorts , home to the Holiday Inn Club Vacations ® brand, announced a new 5-year, $500 million revolving credit facility that will provide additional flexibility to support the company’s future growth strategy. SunTrust Bank is the lead bank. “Our long-term relationship with SunTrust and our bank group has helped fuel our tremendous growth,” said Orange Lake Resorts President and CEO Tom Nelson. “We are excited to expand this important relationship, as the enhanced credit facility will provide the funding and flexibility to continue expanding our business well into the future.” “SunTrust’s relationship with Orange Lake Resorts spans more than 20 years and we are proud to support its continued growth and success,” said SunTrust Robinson Humphrey Managing Director Andy Lee. “Orange Lake Resorts is uniquely positioned to take advantage of additional expansion opportunities and we look forward to partnering with the company to help them achieve their goals. Orange Lake Resorts continues its aggressive growth with recent property acquisitions in New Orleans and the Lake Tahoe area, as well as expanding its corporate campus in Orlando. The company has grown from four resort properties in 2008 to 28 today. It is also well-positioned for future growth with the recent announcements of the 100-year IHG global strategic alliance and a significant minority investment by private equity firm KSL Capital Partners. SunTrust Robinson Humphrey, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, JP Morgan Chase Bank, N.A., Regions Bank and Citizens Bank, N.A., acted as Joint Lead Arrangers for the new revolving credit facility. SunTrust Bank will serve as the Administrative Agent. The law firm Greenberg Traurig, LLP represented Orange Lake Resorts in this transaction.

About Orange Lake Resorts

Orange Lake Resorts encompasses 28 resorts and 7,600 villas in the U.S., with more than 350,000 timeshare owners and 5,000+ employees.

Orange Lake Resorts, a leader within the vacation ownership industry with more than three decades of proven success, operates Holiday Inn Club ® . The Holiday Inn Club Vacations ® brand was created in 2008 through a strategic alliance with IHG ® (InterContinental Hotels Group), one of the world’s leading hotel companies. The flagship Holiday Inn Club Vacations property in Orlando, Fla., located next to the Walt Disney World ® Resort, was established in 1982 by Holiday Inn ® founder Kemmons Wilson. For more information on Holiday Inn Club Vacations or to book reservations, visit holidayinnclubvacations.com . Find us on Facebook at facebook.com/hiclubvacations or Twitter at twitter.com/hiclubvacations . 

Brian Martin Holiday Inn Club Vacations 4073956925 brmartin@holidayinnclub.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Stocks Jump Ahead of Critical Inflation Reports

Updated Category News Views 81

Stocks Lift as Wall Street Awaits Inflation Data Every trader's favorite game—speculation—returns as major U.S. stock benchmarks kick off Monday with some gusto. The S&P 500, Nasdaq Composite, Dow Jones Industrial Average, and Russell 2000 all saw gains in the early morning session, signaling positive vibes across the board. Numbers don't lie, folks: The S&P climbed...

Continue Reading
Moore County Relocation: Key Tips for Newcomers

Updated Category News Views 90

Understanding the Moore County Landscape Take a moment to picture Moore County, NC—more than just a dot on your digital maps. This place has a lot more going on beneath the surface for out-of-state buyers looking to set down roots. I'm talking about a mix of geography, lifestyle, and practicalities that won't show up in your online browsing sessions. More Than Meets the...

Continue Reading
Zions Bank Spurs Idaho's Small Biz Boom in 2026

Updated Category News Views 85

Riding the Small Business Tsunami in Idaho You don't hear it every day, but Idaho's small business scene is hotter than a frypan—a nod to the entrepreneurial fire blazing in the state, and Zions Bank is holding the torch. In 2026, despite dealing with the uphill battles of inflation, tariffs, and labor scarcity, those entrepreneurs still managed to carve out a spot at...

Continue Reading
UAE Pioneers eATA Carnet System Beyond Europe

Updated Category News Views 149

Breaking Tradition with Digital Innovation Well, who would’ve thought? The UAE just leapt ahead in the trade game, becoming the first to roll out the eATA Carnet system beyond the cozy confines of Europe. This isn’t some run-of-the-mill tech rollout, folks. It’s a digital revolution in how temporary imports are handled—goodbye paper, hello efficiency! With this...

Continue Reading
Huawei's 2026 Leap in Gartner Magic Quadrant Recognition

Updated Category News Views 92

China's Telecom Giant Steps Up Globally Gartner's all about benchmarks and bragging rights in the tech world, and brother, Huawei just grabbed a major piece of that spotlight in 2026. They've snagged a spot in the coveted Leaders Quadrant of the Gartner Magic Quadrant for Infrastructure Platform Consumption Services. Now, why should folks with skin in the game care?...

Continue Reading
Navigating Simultaneous Home Buy and Sell Strategies

Updated Category News Views 42

Juggling Two Housing Transactions You ever tried juggling chainsaws? That's what buying and selling your home at the same time can feel like. Selling First: Playing It Safe Some folks swear by selling their current home first, and there's good reason. It locks in your financial windfall, giving you a clear picture of your down payment and affordability. No more guessing...

Continue Reading
Reindeer Expands With Google Cloud Marketplace Launch

Updated Category News Views 81

Reindeer Rides Google Cloud's Tailwinds Alright, folks, here's a new twist in the world of enterprise AI that's got my eyeballs popped. Reindeer, that plucky outfit from New York and Tel Aviv, has cozied up with Google Cloud in a move that's set to turn heads in the sector. Now, you might hear "agentic AI" and think it's just some fancy jargon, but this is where it gets...

Continue Reading
Solidion Technology's Q3 Results: Strong Cash, EPS Growth

Updated Category News Views 57

Solidion Makes Big Waves with Q3 Financial Performance Hot off the press, Solidion Technology, Inc. (NASDAQ: STI) has released its third quarter 2026 financial results, and let me tell you, it's a breath of fresh air for this advanced battery technology player. Maintaining a robust cash position and showcasing a stark contrast in earnings from last year, the company...

Continue Reading
UTulsa's New Scholarship Fund: A Bold Step Forward

Updated Category News Views 50

Pioneering Education at UTulsa Have you ever heard of a private university in the middle of America's heartland capping its undergraduate tuition? That's exactly what the University of Tulsa is doing, setting its tuition and fees at $25,000 a year come fall 2027. And they're not stopping there. With a robust $4 million boost from the Asbjornson Foundation, they're rolling...

Continue Reading
West Virginia's Water Upgrade: AWK's Strategic Moves

Updated Category News Views 55

Building a Water Infrastructure with Purpose Well, they ain't just whistling Dixie down in Ranson, West Virginia. American Water's been busy putting their money where their mouth is with this new 816,000-gallon tank. When you look at the bigger picture, it ain't just about a shiny new water storage toy. Nah, this is about setting the stage for long-term resilience in the...

Continue Reading

Top 5 Most Recently Viewed Articles

The Impressive Journey of RBC Bearings Stock Over 15 Years

Updated Category News Views 179

Unveiling the Growth of RBC Bearings RBC Bearings has shown a remarkable performance in the stock market over the last 15 years, outperforming the market by 6.2% annually. This impressive annualized return of 18.41% equates to a significant compound growth for shareholders. The Magnitude of Investment Returns For those investors who bought $1000 worth of RBC Bearings...

Continue Reading
Neugebauer's Town Hall: Fermi's Future Under Scrutiny

Updated Category News Views 32

Fermi's Shareholders Demand Answers: The Stage is Set There's nothing like an impending webinar showdown to light a fire under Fermi's management. Toby Neugebauer, who's not just any co-founder but the largest shareholder, is gearing up to host a Town Hall this June 30th. The absence of the Perrys—Rick and his son Griffin—is glaring, but that’s not stopping...

Continue Reading
Jeff Cook Real Estate Launches Innovative Home-Buying App

Updated Category News Views 105

Introducing a Game-Changing Real Estate App Jeff Cook Real Estate LPT Realty is transforming the home-buying experience with the launch of its innovative mobile app. This cutting-edge technology aims to enhance the way home buyers and sellers interact with the real estate market in South Carolina and North Carolina, emphasizing the company's commitment to superior...

Continue Reading
Middlefield Canadian Income PCC Sees Positive NAV Growth Trend

Updated Category News Views 160

Understanding the Net Asset Value of Middlefield Canadian Income PCC The exciting world of investment trusts often revolves around the performance of their net asset values (NAV). Middlefield Canadian Income PCC is no exception. With a focus on providing value to its investors, the company's NAV reflects its current standing in the market. Net Asset Value Insights As of a...

Continue Reading
Expanding Affordable Insulin Options Through Collaboration

Updated Category News Views 207

Enhancing Diabetes Care with New Insulin Collaboration Additional treatment options for the 38.4 million U.S. patients living with diabetes Biocon Biologics Ltd., a leading global biosimilars company, has expanded its collaboration with Civica, Inc. to introduce a new Insulin Glargine medicine. This innovative product aims to improve access to high-quality and affordable...

Continue Reading