Holland & Knight Advises Interval Leisure Group on $350 Million Private Offering

MIAMI (April 10, 2015) – Holland & Knight represented Interval Leisure Group (ILG) in the $350 million private offering of 5.625 percent senior notes due 2023 by its wholly-owned subsidiary, Interval Acquisition Corp. The offering, which closed today, was sold to certain qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933 and to non-U.S. persons in transactions outside the U.S. under Regulation S of the Securities Act.

ILG plans to use the approximately $343 million in net proceeds from the offering to repay indebtedness outstanding under its senior secured revolving credit facility.

Headquartered in Miami, ILG is a leading global provider of non-traditional lodging from vacation exchange and vacation rental to vacation ownership. The company has offices in 16 countries and nearly 6,000 employees.

Holland & Knight partners Tammy Knight and Laurie Green advised ILG throughout the deal with the assistance of associate Nicole Maron. Holland & Knight also assisted ILG with its $220 million acquisition of Hyatt Residential Group from affiliates of Hyatt Hotels Corporation last year.