secwatch.observer — SEC 8-K summary
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Issuer:     Travel & Leisure Co. (TNL)
CIK:        0001361658
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0001361658-24-000222
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Travel + Leisure Co. closes $875M term loan B refinancing, extends maturity, saves ~$5M/yr interest
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- Established $875M 2024 Term Loan B Facility, matures December 14, 2029, at SOFR + 250 bps par.
- Replaces and reprices $593M of 2023 term loan B; refinances $282M of 2018 term loan due May 2025.
- Annual interest savings of nearly $5 million with no original issue discount.
- Facility prepayable without premium except 1.00% if repriced within first six months.
- CFO cited favorable market conditions and solid investor demand enabling the transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361658/000136165824000222/0001361658-24-000222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361658/000136165824000222/wyn-20241210.htm
  HTML page:      https://secwatch.observer/filing/0001361658-24-000222

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