The bonds were sold through Amherst Pierpont Securities Group, Lead Manager and Capital One Securities, Inc., Co-Manager and brings the total of notes sold by Westgate/Amherst during the last 3 years to approximately $1.5 billion. Since 1992, Westgate has sold approximately $3 billion of notes in the securitization market. “We are very pleased with the results of this securitization especially under very volatile bond and economic market conditions. The continued execution of these transactions demonstrates the faith the investment community has in the Westgate business model, its servicing platform, the performance of prior structured transactions and its management team,” stated Tom Dugan, Chief Financial Officer.
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The Notes have not been registered under the Securities Act of 1933, as amended, or any state securities law. Unless so registered, the Notes may not be offered or sold in the United States, except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.
About Westgate Resorts
Founded in 1982 by David A. Siegel, Westgate Resorts is the largest privately owned timeshare companies in the world and one of the largest resort developers in the United States. Westgate features themed destination resorts with over 13,500 luxury villas and hotel rooms in premier locations throughout the United States, such as Orlando, Florida; Park City, Utah; Las Vegas, NV;Gatlinburg, Tennessee; Myrtle Beach, South Carolina; Williamsburg, Virginia; Miami, Florida and Branson, Missouri. Most Westgate Resort locations feature a variety of unique restaurant, retail and spa concepts, including the Drafts Sports Bar and Grill, Westgate Smokehouse Grill, Edge Steakhouse, Westgate Marketplace and Deli, and Serenity Spa by Westgate. For more information about Westgate Resorts, visit www.westgateresorts.com.
About Amherst Pierpont
Amherst Pierpont Securities was formed in 2014 through the merger of Amherst Securities (founded in 1993) and Pierpont Securities (founded in 2009). The combination melds Amherst’s unparalleled leadership in mortgage-related securities and securitized products with Pierpont’s strength in liquid products and scalable infrastructure. Positioned to capitalize on growth opportunities, Amherst Pierpont employs approximately 200 Fixed Income professionals with vast industry experience and the expertise to help clients succeed in today’s markets. Amherst Pierpont is a member of FINRA and SIPC. For additional information about Amherst Pierpont, please visit their website at www.aspec.com.