Travel & Leisure Co. Issues $900M 6.250% Senior Secured Notes Due 2031

Key Highlights

• Travel & Leisure Co. issued $900,000,000 aggregate principal amount of 6.250% senior secured notes due 2031.
• The Notes bear interest at 6.250% per year, payable semi-annually, commencing December 1, 2026.
• Proceeds will redeem outstanding 6.625% secured notes due July 2026.
• Proceeds will also repay outstanding borrowings under its secured revolving credit facility due June 2030.
• The Notes are senior secured obligations, ranking equally with existing and future senior indebtedness.
• The Company may redeem all or a portion of the Notes prior to June 1, 2028, with a make-whole premium.