Travel + leisure co. successfully amends credit agreement to extend maturity and improve terms of its $1 billion revolving credit facility

Orlando, fla.--(business wire)--travel + leisure co. (nyse:tnl) announced today the closing of the seventh amendment to its credit agreement, which established a new $1 billion revolving credit facility scheduled to mature in june 2030 on improved terms, refinancing the company's previous $1 billion revolving credit facility that was scheduled to mature in october 2026. the seventh amendment, among other things, reduces pricing spreads on borrowings and letters of credit by 25 basis points, eli.
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