{"schema_version":"secwatch.filing_event.v1","accession":"0001361658-26-000035","form_type":"8-K","ticker":"TNL","cik":"0001361658","company_name":"Travel & Leisure Co.","filed_at":"2026-05-20T20:34:31+00:00","discovered_at":"2026-05-20T20:35:00.237199+00:00","generated_at":"2026-05-20T20:42:56.221540+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Travel + Leisure issues $900M 6.250% senior notes due 2031; redeeming July 2026 notes","bullets":["Issued $900M aggregate principal amount of 6.250% senior secured notes due 2031.","Net proceeds to redeem all outstanding 6.625% secured notes due July 2026.","Proceeds also used to repay borrowings under secured revolver due June 2030.","Redemption of 2026 notes set for May 22, 2026, after conditions satisfied.","Notes are senior secured, rank equally with other senior debt; not guaranteed."],"urls":{"canonical":"https://secwatch.observer/filing/0001361658-26-000035","json":"https://secwatch.observer/filing/0001361658-26-000035.json","markdown":"https://secwatch.observer/filing/0001361658-26-000035.md","text":"https://secwatch.observer/filing/0001361658-26-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1361658/000136165826000035/0001361658-26-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1361658/000136165826000035/wyn-20260520.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T20:42:56.221540+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":"fe6b826beda1974f490cedd501ecf389eec28e5d","claim":"Travel & Leisure Co. incurred senior notes of $900,000,000 aggregate principal amount with Deutsche Bank Securities Inc. and certain other initial purchasers at 6.250% per year maturing due 2031.","evidence_excerpt":"the issuance and sale of $900,000,000 aggregate principal amount of 6.250% senior secured notes due 2031","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1361658/000136165826000035/0001361658-26-000035-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$900,000,000 aggregate principal amount"},{"label":"Counterparty","value":"Deutsche Bank Securities Inc. and certain other initial purchasers"},{"label":"Rate","value":"6.250% per year"},{"label":"Maturity","value":"due 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5375f1b2fe6b0ebf0b1778cb608d30b2517417ca","claim":"Travel & Leisure Co. entered into Fifth Supplemental Indenture with U.S. Bank Trust Company, N.A. valued at $900,000,000 aggregate principal amount of 6.250% senior secured notes due 2031 (effective 2026-05-20).","evidence_excerpt":"On May 20, 2026, Travel + Leisure Co. (the “Company”) and U.S. Bank Trust Company, N.A., as trustee (the “Trustee”), entered into the fifth supplemental indenture (the “Fifth Supplemental Indenture”) to the indenture, dated December 13, 2019 (the “Base Indenture” and, together with the Fifth Supplemental Indenture, the “Indenture”), in connection with the issuance and sale of $900,000,000 aggregate principal amount of 6.250% senior secured notes due 2031 (the “Notes”) to Deutsche Bank Securities Inc. and certain other initial purchasers (collectively, the “Initial Purchasers”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1361658/000136165826000035/0001361658-26-000035-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, N.A."},{"label":"Value","value":"$900,000,000 aggregate principal amount of 6.250% senior secured notes due 2031"},{"label":"Effective","value":"2026-05-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}