Travel + Leisure Co. Announces Launch of Senior Secured Notes Offering

ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE:TNL) (the “Company”) announced today that it has launched a private offering (the “Offering”) of $900 million aggregate principal amount of senior secured notes due 2031 (the “Notes”), subject to customary and market conditions. The Company intends to use the net proceeds of this Offering to redeem all of the Company's outstanding 6.625% secured notes due July 2026, towards repayment of outstanding borrowings under its revolving credit.