secwatch.observer — SEC 8-K summary
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Issuer:     Travel & Leisure Co. (TNL)
CIK:        0001361658
Form:       8-K
Filed at:   2022-12-14T23:59:59+00:00
Accession:  0001361658-22-000263
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361658/000136165822000263/0001361658-22-000263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361658/000136165822000263/wyn-20221214.htm
  HTML page:      https://secwatch.observer/filing/0001361658-22-000263

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