Market Overview

Bluegreen Vacations Renews and Extends $40 Million Timeshare Receivables Loan


Bluegreen Vacations Corporation (NYSE:BXG) ("Bluegreen Vacations" or
the "Company") today reported that on August 15, 2018, the Company
renewed its revolving timeshare receivables hypothecation facility with
Pacific Western Bank. The renewed credit facility agreement extends the
revolving advance period which otherwise would have expired in September
2018 to now expiring in September 2021, with the facility maturing in
September 2024. In each case, periods are subject to an additional
12-month extension at the option of Pacific Western Bank. Maximum
permitted outstanding borrowings under the facility are $40 million,
and, subject to the terms and conditions of the facility, approximately
$19.8 million of the facility remained available as of August 15, 2018.
Commencing on September 21, 2018, all borrowings outstanding under the
Pacific Western Facility will bear interest at an annual rate equal to
the 30-day LIBOR plus 3.00%; provided, however, that to the extent the
borrowings are in excess of established debt minimums, these borrowings
will bear interest at 30-day LIBOR plus 2.75%. This is a decrease from
the current interest rate range of 30-day LIBOR plus 3.50% to 4.50%.
Bluegreen plans to continue to use the facility to finance vacation
ownership interest notes receivable.

"This extension continues to support our strategy of diversifying our
sources of liquidity for VOI notes receivable and enhances our
flexibility as we add new sales offices in key markets," said Tony
Puleo, Bluegreen Vacations' Executive Vice President, Chief Financial
Officer & Treasurer. "We value our longstanding relationship with
Pacific Western Bank, and we believe this extended financing will help
continue to enable us to meet our capital needs as we grow our business."

Chris Hague, Group Head, of Lender Finance at Pacific Western Bank
commented, "We are excited to continue our relationship with Bluegreen,
and are committed to supporting their ongoing success in the vacation
ownership industry."

About Bluegreen Vacations Corporation:

Bluegreen Vacations Corporation (NYSE:BXG) is a leading vacation
ownership company that markets and sells vacation ownership interests
(VOIs) and manages resorts in popular leisure and urban destinations.
The Bluegreen Vacation Club is a flexible, points-based, deeded vacation
ownership plan with approximately 215,000 owners, 69 Club and Club
Associate Resorts and access to more than 11,100 other hotels and
resorts through partnerships and exchange networks as of June 30, 2018.
Bluegreen Vacations also offers a portfolio of comprehensive, fee-based
resort management, financial, and sales and marketing services, to or on
behalf of third parties. Bluegreen is 90% owned by BBX Capital
Corporation (NYSE:BBX) (OTCQX:BBXTB), a diversified holding company.
For further information, visit

About BBX Capital Corporation:

BBX Capital Corporation (NYSE:BBX) (OTCQX:BBXTB), is a Florida-based
diversified holding company whose activities include its 90% ownership
interest in Bluegreen Vacations Corporation (NYSE:BXG) as well as its
real estate and middle market divisions. For additional information,
please visit

Forward-Looking Statements:

Certain statements in this press release are "forward-looking
statements" within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. All statements, other than statements of historical
fact, are forward-looking statements. Forward-looking statements are
based on current expectations of management and can be identified by the
use of words such as "believe", "may", "could", "should", "plans",
"anticipates", "intends", "estimates", "expects", and other words and
phrases of similar impact. Forward-looking statements may involve known
and unknown risks, uncertainties and other factors that may cause the
actual results or performance to differ from those set forth or implied
by the forward-looking statements, including but not limited to, risks
that the Company's results or performance will differ from that
expected, the risk that the requirements for drawing on the facility
will not be met, and the risk that the Company will not in the future be
in compliance with applicable covenants and ratios required by the
facility. For a description of other risks and uncertainties, please see
the "Risk Factors" section of Bluegreen's Annual Report on Form 10-K for
the year ended December 31, 2017. Bluegreen cautions that the foregoing
factors are not exclusive. You should not place undue reliance on any
forward-looking statement, which speaks only as of the date made.
Bluegreen does not undertake, and specifically disclaims any obligation,
to update or supplement any forward-looking statements.

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