Bluegreen Vacations Corporation announced that on December 27, 2019, Bluegreen amended and extended its timeshare notes receivable purchase facility with KeyBank National Association and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt AM Main as the funding agents. The amended purchase facility permits maximum outstanding financings of up to $80.0 million at an advance rate of up to 80% with respect to timeshare receivables securing amounts financed. The amendments to the purchase facility extend the advance period to December 2022 from December 2019. Amounts borrowed under the facility will bear interest until the expiration of the revolving advance period equal to the applicable index rate plus 2.25% (a decrease from 2.75% prior to the amendment) and thereafter equal to the applicable index rate plus 3.25% (a decrease from 4.75% prior to the amendment).