Travel + leisure co. successfully executes $875 million secured term loan b facility repricing and refinancing transaction

Orlando, fla.--(business wire)---- $tnl--travel + leisure co. (nyse:tnl) announced today the closing of the sixth amendment to its credit agreement, which established an $875 million incremental term loan (the “2024 term loan b facility”). the 2024 term loan b facility matures on december 14, 2029, and priced at sofr plus 250 basis points at par. this facility replaces and reprices the $593 million of outstanding borrowings under the 2023 incremental term loan b facility and refinances the $282 million.
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