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Diamond Resorts International Completes $100 Million Warehouse Facility

LAS VEGAS--(BUSINESS WIRE)--Diamond Resorts International, Inc. (NYSE:DRII) announced today that it has completed a $100 million warehouse facility for its loans receivable with Capital One Bank. The facility provides for a $10 million sub-limit of Canadian dollar- denominated receivables. The facility has a 30 month advance period with a stated maturity of May 11, 2020. Pursuant to the terms of the facility, the advance rate on eligible loans receivable is 85%.