debt
confidence high
sentiment positive
materiality 0.60
Travel + Leisure prices $900M 6.250% secured notes due 2031; to redeem $650M 2026 notes
Travel & Leisure Co.
- Offering of $900M 6.250% senior secured notes due 2031 priced at 100% of par.
- Proceeds to redeem all $650M of 6.625% secured notes due July 2026; conditional redemption on May 22, 2026.
- Remaining proceeds to repay borrowings under secured revolver due 2030 and for general corporate purposes.
- Closing expected May 20, 2026; notes mature June 1, 2031, interest payable semi-annually from Dec 1, 2026.