Travel + Leisure Co. Successfully Finalizes $300M Securitization Deal
Travel + Leisure Co. (NYSE:TNL) has proudly announced the successful completion of a $300 million term securitization transaction. This transaction involved asset-backed notes with an overall weighted average coupon of 4.78%. The advance rate for this transaction was an impressive 98.00%.
“We are extremely pleased with the successful completion of our third term securitization of 2025. This once again demonstrates the confidence in the quality and dependability of our vacation ownership business,” said CFO Erik Hoag. The company achieved a 32 basis point improvement from their last transaction and funding levels not seen since early 2022.
Travel + Leisure Co. serves more than six million travelers annually. With nearly 19,000 associates across its portfolio, the company offers a wide range of services. These include:
- Vacation ownership
- Travel club
- Lifestyle travel brands worldwide
Source: Business Wire