Travel + Leisure Co. prices $500M senior secured notes at 6.125% due 2033 to refinance 2025 notes

Travel & Leisure Co.

$500M aggregate principal of 6.125% senior secured notes due 2033; priced at 100% of par.
Proceeds to redeem all $350M of outstanding 6.60% secured notes due Oct 2025; conditional redemption notice issued.
Notes mature Sep 1, 2033; interest payable semi-annually; call protection with make-whole until Aug 15, 2028.
Offering expected to close Aug 19, 2025; subject to customary conditions.
Remaining proceeds to repay revolver borrowings, pay fees, and for general corporate purposes.

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