Travel + Leisure Co. Finalizes $325M Securitization Deal
Travel + Leisure Co. (NYSE: TNL) announced on March 26, 2026, that it has successfully completed a $325 million term securitization transaction, demonstrating continued financial strength in a volatile market environment.
The transaction involved the issuance of asset-backed notes with an overall weighted average coupon of 5.11% and an advance rate of 98.00%. Sierra Timeshare 2026-1 Receivables Funding LLC issued four classes of notes:
- $150 million in Class A Notes (4.56% coupon)
- $58 million in Class B Notes (4.80% coupon)
- $70 million in Class C Notes (5.19% coupon)
- $47 million in Class D Notes (7.10% coupon)
“This transaction reflects the consistency of our platform and our ability to access capital even in a more volatile market environment,” said Erik Hoag, Chief Financial Officer of Travel + Leisure Co. “We’re pleased with both the execution and the terms achieved, which strengthen our liquidity and position us well as we move through 2026.”
Travel + Leisure Co. is a leading leisure travel company providing more than six million vacations annually to travelers worldwide. The company operates a diverse portfolio including experiential brands such as:
- Sports Illustrated Resorts
- Eddie Bauer Adventure Club
- Margaritaville Vacation Club
- Club Wyndham
- WorldMark
- RCI
These brands are supported by more than 19,000 associates globally.
Source: Stock Titan News