Travel + leisure co. completes $325 million term securitization

Orlando, fla.--(business wire)---- $tnl--travel + leisure co. (nyse:tnl) announced today it completed a term securitization transaction involving the issuance of $325 million in principal amount of asset-backed notes with an overall weighted average coupon of 5.18%. the advance rate for this transaction was 98.00%. “we are very pleased with the successful completion of our third term securitization of 2024, with both our advance rate and overall coupon improving to the best levels we have achieved in ov.
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