{"schema_version":"secwatch.filing_event.v1","accession":"0001361658-25-000226","form_type":"8-K","ticker":"TNL","cik":"0001361658","company_name":"Travel & Leisure Co.","filed_at":"2025-06-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.067421+00:00","generated_at":"2026-05-18T19:09:17.417267+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Travel + Leisure Co. amends $1B credit facility, extends maturity to 2030, reduces pricing","bullets":["New $1B revolving credit facility matures June 2030, refinances prior facility due Oct 2026.","Spread on borrowings reduced by 25 bps; Term SOFR credit spread adjustment eliminated.","Minimum interest coverage ratio lowered from 2.50:1 to 2.00:1; SOFR floor cut to 0.00%.","Covenants expanded and incurrence baskets increased to provide greater flexibility.","CFO Erik Hoag says improved terms reflect business stability and strengthen balance sheet."],"urls":{"canonical":"https://secwatch.observer/filing/0001361658-25-000226","json":"https://secwatch.observer/filing/0001361658-25-000226.json","markdown":"https://secwatch.observer/filing/0001361658-25-000226.md","text":"https://secwatch.observer/filing/0001361658-25-000226.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1361658/000136165825000226/0001361658-25-000226-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1361658/000136165825000226/wyn-20250625.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T19:09:17.417267+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"75161367ed9890a34d99c8b54af82dc795b58763","claim":"Travel & Leisure Co. amended revolving credit of $1.0 billion with Bank of America, N.A. at Term SOFR plus a spread ranging from 1.50% to 2.00% maturing June 2030.","evidence_excerpt":"The Seventh Amendment, among other things, established a new revolving credit facility with $1.0 billion in revolving credit commitments that is scheduled to mature in June 2030","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1361658/000136165825000226/0001361658-25-000226-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1.0 billion"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"Term SOFR plus a spread ranging from 1.50% to 2.00%"},{"label":"Maturity","value":"June 2030"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}