Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Travel & Leisure Co. incurred term loan of an aggregate principal amount of $297.75 million with Bank of America, N.A., as administrative agent at (a) Base Rate (which is the highest of Bank of America's prime rate, the federal maturing December 14, 2029.
- Instrument
- term loan
- Principal
- an aggregate principal amount of $297.75 million
- Counterparty
- Bank of America, N.A., as administrative agent
- Rate
- (a) Base Rate (which is the highest of Bank of America's prime rate, the federal
- Maturity
- December 14, 2029
- Event
- incurrence
Exact text from the filing
The Fifth Amendment, among other things, established (i) term loans in an aggregate principal amount of $297.75 million to refinance the 2022 Incremental Term Loans under the Existing Credit Agreement (the "B-1 Refinancing Term Loans")
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Travel & Leisure Co. incurred term loan of an aggregate principal amount of $300.0 million with Bank of America, N.A., as administrative agent at (a) Base Rate (which is the highest of Bank of America's prime rate, the federal maturing December 14, 2029.
- Instrument
- term loan
- Principal
- an aggregate principal amount of $300.0 million
- Counterparty
- Bank of America, N.A., as administrative agent
- Rate
- (a) Base Rate (which is the highest of Bank of America's prime rate, the federal
- Maturity
- December 14, 2029
- Event
- incurrence
Exact text from the filing
and (ii) term loans in an aggregate principal amount of $300.0 million, which the Company expects to use together with available cash on hand and revolving credit facility borrowings to refinance the Borrower's senior secured notes due April 2024 and pay related fees and expenses (the "B-2 Refinancing Term Loans", and together with the B-1 Refinancing Term Loans, the "2023 Incremental Term Loan Facility")
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Travel & Leisure Co. entered into Fifth Amendment with Bank of America, N.A. valued at $297.75 million (effective 2023-12-20).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- $297.75 million
- Effective
- 2023-12-20
Exact text from the filing
On December 20, 2023, Travel + Leisure Co. (the “Borrower”) entered into the Fifth Amendment (the “Fifth Amendment”) to that certain Credit Agreement, dated as of May 31, 2018, among the Borrower (f/k/a Wyndham Destinations, Inc.), the lenders from time to time party thereto, Bank of America, N.A., as administrative agent and the other parties thereto
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