Travel + Leisure Co. Announces Pricing of $900 Million of Senior Secured Notes Due 2031
Travel + Leisure Co. announced the pricing of a private offering of $900 million in senior secured notes due 2031 with an interest rate of 6.250% per year. The company plans to use the net proceeds to redeem outstanding 6.625% secured notes due July 2026, repay its revolving credit facility, and for general corporate purposes. The offering is expected to close on May 20, 2026, and the notes mature on June 1, 2031, with semi-annual interest payments.