Welk Resort Group plans to issue $129.6 million of securities backed by timeshare loan receivables, following a two-year securitization hiatus for the issuer.

Welk Resort 2015-A, led by BB&T Capital Markets, will offer $118 million of class A notes, rated ‘A’, that benefit from 12.75% credit enhancement and $12 million of class B notes, rated ‘BBB+’, that benefit from 4% credit enhancement. Standard & Poor’s is rating the deal.

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