A new timeshare deal from Starwood Hotels is slated to price next week, according to a Bloomberg report.
The deal is offering $188.78million Class A notes, rated single-A; and $11.02million of triple-B rated, Class B notes. Price talk on the deal is at the 275 basis point area for the class A notes and the 375 basis point area for the class B notes.
Credit Suisse, JPMorgan and the Royal Bank of Scotland have been named joint book runners on the deal. Co- managers Barclays, Citi, Deutsche and Bank of America will co-manage the privately placed deal.
Also in the market this week is a new consumer securitization deal from Harley-Davidson. According to a Bloomberg report, the $525mn deal will be managed by JPMorgan, Citi and RBS. BNP Paribas, Goldman and Mizuho will act as co-managers on the deal.