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Bluegreen Corp. on March 17 completed a private offering and sale of approximately $130.5 million of investment-grade timeshare receivable-backed notes.
According to a Form 8-K filed March 23 by BBX Capital Corp., the securitization consisted of about $95.7 million of class A notes and $34.8 million of class B notes with interest rates of 3.17% and 3.86%, respectively. The...