Travel + leisure co. completes $300 million term securitization

Orlando, fla.--(business wire)--travel + leisure co. (nyse:tnl) announced today it completed a term securitization transaction involving the issuance of $300 million in principal amount of asset-backed notes with an overall weighted average coupon of 5.10%. the advance rate for this transaction was 98.00%. “this transaction once again demonstrates the strength of our business model and our ability to continue to access capital,” said erik hoag, chief financial officer of travel + leisure co. “t.
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