Travel + leisure co. completes $350 million term securitization

Orlando, fla.--(business wire)--travel + leisure co. (nyse:tnl) announced today it completed a term securitization transaction involving the issuance of $350 million in principal amount of asset-backed notes with an overall weighted average coupon of 5.20%. the advance rate for this transaction was 98.00%. “our first term offering of 2025 demonstrates the strength of our business model, even during times of market volatility,” said mike hug, chief financial officer of travel + leisure co. “we a.
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