---
schema_version: "secwatch.filing_event.v1"
accession: "0001361658-22-000263"
form_type: "8-K"
ticker: "TNL"
cik: "0001361658"
company_name: "Travel & Leisure Co."
filed_at: "2022-12-14T23:59:59+00:00"
generated_at: "2026-06-21T04:38:37.976312+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Travel + Leisure closes $300M Term Loan B to refinance $400M 2023 secured notes

## Summary
- $300M Term Loan B matures Dec 2029, issued at 97.5% original issue discount.
- Proceeds plus cash and revolver to redeem $400M 3.90% secured notes due March 2023.
- Interest: Base Rate + 3.00% or Term SOFR + 4.00% (subject to 0.50% floor).
- Amortizes quarterly at 0.25% of initial principal; prepayable with 1% premium on repricing events in first 6 months.
- Third Amendment to existing Credit Agreement; Bank of America, N.A. is administrative agent.

## SEC filing metadata
- accession: 0001361658-22-000263
- form_type: 8-K
- ticker: TNL
- cik: 0001361658
- company_name: Travel & Leisure Co.
- filed_at: 2022-12-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1361658/000136165822000263/0001361658-22-000263-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361658/000136165822000263/wyn-20221214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001361658-22-000263
- JSON: https://secwatch.observer/filing/0001361658-22-000263.json
- Plain text: https://secwatch.observer/filing/0001361658-22-000263.txt

## Key facts
- Debt Financings
  Travel & Leisure Co. incurred term loan of $300 million with Bank of America, N.A. (as administrative agent) and the lenders at Base Rate plus 3.00% or Term SOFR plus 4.00% (subject to floor of 0.50%) maturing December 14, 2029.
  - Instrument: term loan
  - Principal: $300 million
  - Counterparty: Bank of America, N.A. (as administrative agent) and the lenders
  - Rate: Base Rate plus 3.00% or Term SOFR plus 4.00% (subject to floor of 0.50%)
  - Maturity: December 14, 2029
  - Event: incurrence
  source text: The Third Amendment, among other things, provides for an incremental term loan of $300 million (the “Incremental Term Loan”), which was issued with an original issue discount of 97.5%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1361658/000136165822000263/0001361658-22-000263-index.htm
- Material Agreements
  Travel & Leisure Co. amended Third Amendment with Bank of America, N.A. valued at $300 million (effective 2022-12-14).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: $300 million
  - Effective: 2022-12-14
  source text: On December 14, 2022, Travel + Leisure Co. (the “Borrower”) entered into the Third Amendment (the “Third Amendment”) to the Credit Agreement, dated as of May 31, 2018, with Bank of America, N.A., as administrative agent, the several lenders from time to time party thereto, and the other parties thereto (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1361658/000136165822000263/0001361658-22-000263-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.