Travel + Leisure reprices $869M term loan B, cutting rate by 50 bps to SOFR+2.00%

Travel & Leisure Co.

Repriced $869 million outstanding borrowings under the 2024 Term Loan B Facility.
Applicable interest rate reduced by 50 basis points from SOFR+2.50% to SOFR+2.00%.
Maturity date remains December 14, 2029; no extension.
Prepayment at any time, but 1.00% premium if repricing-related prepayment within first six months.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Travel & Leisure Co. amended Eighth Amendment to Credit Agreement with Bank of America, N.A. valued at Repriced $869 million of outstanding borrowings under the 2024 Term Loan B Facility; interest rate c (effective 2025-12-10).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A.
Value: Repriced $869 million of outstanding borrowings under the 2024 Term Loan B Facility; interest rate c
Effective: 2025-12-10

Exact text from the filing

On December 10, 2025, Travel + Leisure Co. (the “Borrower”) entered into the Eighth Amendment (the “Eighth Amendment”) to that certain Credit Agreement, dated as of May 31, 2018, among the Borrower, the lenders from time to time party thereto, Bank of America, N.A., as administrative agent and the other parties thereto (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”).

View on SEC.gov

273 material agreements filed in the last 30 days. Browse all material agreements →

Travel & Leisure Co. filing history →

Source: SEC EDGAR

accession 0001361658-25-000338

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.