Starwood Vacation Ownership (SVO) has just priced a $280,000 deal backed by vacation ownership loans related to 17 SVO properties that are located in the U.S. Virgin Islands, Orlando, FL., and Scottsdale, Arizona, among others.

The transaction comprises two tranches: an 'A'-rated $256 million class A tranche that priced at 265 basis points over swaps and a 'BBB'-rated $24 million class B portion that priced at 375 basis points over swaps. The 144A deal was rated by Standard & Poor's.

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