Travel + Leisure Co. amends credit agreement to replace LIBOR with SOFR-based rate

Travel & Leisure Co.

Fourth Amendment to Credit Agreement effective March 30, 2023.
Replaces LIBOR-based interest rate with SOFR-based rate under existing facility.
Bank of America, N.A. serves as administrative agent.
No change to principal amount or maturity; rate adjustment only.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Travel & Leisure Co. amended Fourth Amendment with Bank of America, N.A., as administrative agent (effective 2023-03-30).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent
Effective: 2023-03-30

Exact text from the filing

On March 30, 2023, Travel + Leisure Co. (the “Borrower”) entered into the Fourth Amendment (the “Fourth Amendment” to the Credit Agreement, dated as of May 31, 2018 with Bank of America, N.A., as administrative agent (the “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”).

View on SEC.gov

273 material agreements filed in the last 30 days. Browse all material agreements →

Travel & Leisure Co. filing history →

Source: SEC EDGAR

accession 0001361658-23-000117

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.