How Digital Innovations Are Reshaping the Financial Sector
Travel & Leisure Trade
As of March 31, 2023, the Company had $375 million remaining in its share repurchase authorization. Timeshare Receivables Financing — Subsequent to the end of the first quarter, the Company closed on a $250 million term securitization transaction with a weighted average coupon of 6.3% and a 91.3% advance price. Travel and Membership income of $200 million in the first quarter of 2023 was flat in comparison with the identical period within the prior year, as income per transaction growth of 2% was offset by a 2% decrease in transactions.
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