---
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"
generated_at: "2026-05-18T19:09:17.417267+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Travel + Leisure Co. amends $1B credit facility, extends maturity to 2030, reduces pricing

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001361658-25-000226
- JSON: https://secwatch.observer/filing/0001361658-25-000226.json
- Plain text: https://secwatch.observer/filing/0001361658-25-000226.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $1.0 billion
  - Counterparty: Bank of America, N.A.
  - Rate: Term SOFR plus a spread ranging from 1.50% to 2.00%
  - Maturity: June 2030
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1361658/000136165825000226/0001361658-25-000226-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.