Travel + Leisure Co. Completes $325 Million Term Securitization

ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE:TNL) announced today it completed a term securitization transaction involving 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 was 98.00%. “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 + L.