Net Debt — As of March 31, 2023, the Company’s leverage ratio for covenant purposes was three.7x. The Company had $3.5 billion of corporate debt outstanding as of March 31, 2023, which excluded $2.zero billion of non-recourse debt related to its securitized notes receivables portfolio. At the tip of the first quarter, the Company had $980 million of liquidity in money and money equivalents and revolving credit score facility availability. First quarter adjusted EBITDA was $131 million compared to $105 million within the prior yr period. The enhance was pushed by higher Gross VOI sales, partially offset by higher provision…
