secwatch.observer — SEC 8-K summary
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Issuer:     Travel & Leisure Co. (TNL)
CIK:        0001361658
Form:       8-K
Filed at:   2021-11-22T23:59:59+00:00
Accession:  0001361658-21-000278
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Travel+Leisure issues $650M of 4.50% senior secured notes due 2029 to refinance near-term debt
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- Issued $650M aggregate principal of 4.50% senior secured notes due December 1, 2029.
- Proceeds plus cash on hand to redeem all of its 4.25% secured notes due March 2022.
- Notes rank equal with existing senior indebtedness, are secured, and are not guaranteed.
- Interest payable semi-annually beginning June 1, 2022; callable at make-whole prior to Sept 1, 2029.
- Change of control trigger requires repurchase at 101% of principal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361658/000136165821000278/0001361658-21-000278-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361658/000136165821000278/wyn-20211118.htm
  HTML page:      https://secwatch.observer/filing/0001361658-21-000278

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