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Travel + Leisure Co. Completes $300 Million Term Securitization

1. TNL completed a $300 million securitization transaction with a 5.10% coupon rate. 2. The high advance rate of 98% indicates strong business model resilience.

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FAQ

Why Bullish?

The successful securitization reflects TNL's financial strength, similar to past transactions boosting stock prices.

How important is it?

Securitization is crucial for enhancing liquidity and supporting growth, directly impacting TNL’s performance.

Why Short Term?

Immediate positive sentiment from investors can drive the stock price up soon after the announcement.

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HLTMARWYND
ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE:TNL) announced today it completed a term securitization transaction involving the issuance of $300 million in principal amount of asset-backed notes with an overall weighted average coupon of 5.10%. The advance rate for this transaction was 98.00%. “This transaction once again demonstrates the strength of our business model and our ability to continue to access capital,” said Erik Hoag, Chief Financial Officer of Travel + Leisure Co. “T.

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