Back To News/PR Index | | Liberty Bank Participates in $575 Million Revolving Credit Facility | “Liberty
Bank has pledged a $55 million commitment as part of the transaction,”
says Sr. VP of Liberty Don Peruta. “As the oldest lending institution in
the timeshare industry, we have been acquainted with the impressive senior
leadership team at Orange Lake for many years. We’re looking forward to
playing a part in their future growth.”
“We were pleased that Liberty Bank joined this transaction,” says Don Harrill, CEO of Orange Lake Resorts. “They understand our business model and will be great partners as we continue to grow and develop.” “Orange Lake Resorts has an exceptional management team, a focused acquisition strategy, and the capital to support asset purchases of varying sizes,” says Wellington Financial VP Shawn Brydge. About
Liberty Bank
About
Wellington Financial
About Orange Lake Holdings, LLP Orange Lake Holdings is the parent company of Orange Lake Resorts and Silverleaf Resorts, encompassing 26 resorts and 7,200 villas in the U.S., with over 320,000 timeshare owners and 6,000 employees. Orange Lake Resorts, a leader within the vacation ownership industry with more than three decades of proven success, operates the Holiday Inn Club Vacations® brand. It was created in 2008 through a strategic alliance with IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies. The Holiday Inn Club Vacations flagship property in Orlando, Fla., located next to the Walt Disney World® Resort, was established in 1982 by Holiday Inn® brand founder Kemmons Wilson. The brand operates 16 resorts across 11 states. Media Contact:
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