Travel + Leisure Co. Finalizes $325M Securitization Transaction
Travel + Leisure Co. announced on March 26, 2026, that it has successfully completed a term securitization transaction. This transaction involved the issuance of $325 million in principal amount of asset-backed notes with an overall weighted average coupon of 5.11%.
The advance rate for this transaction stood at 98.00%, demonstrating the market’s strong confidence in the financial position of the leisure travel company. Erik Hoag, Chief Financial Officer of Travel + Leisure Co., commented on the development:
“This transaction reflects the consistency of our platform and our ability to access capital even in a more volatile market environment.”
Sierra Timeshare 2026-1 Receivables Funding LLC issued:
- $150 million of Class A Notes with a coupon of 4.56%
- $58 million of Class B Notes at 4.80%
- $70 million of Class C Notes at 5.19%
- $47 million of Class D Notes at 7.10%
Hoag further added that the favorable terms achieved through this transaction “strengthen our liquidity and position us well as we move through 2026.” Travel + Leisure Co. operates a diverse portfolio of vacation ownership brands, including:
- Club Wyndham
- WorldMark
- RCI
These brands collectively serve more than six million vacations to travelers annually.
Source: https://sg.finance.yahoo.com/news/travel-leisure-co-completes-325-170000058.html