Travel + Leisure (TNL) Completes $375M Term Securitization
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Travel + Leisure Co. Completes $375 Million Term Securitization
July 22, 2024 2:00 PM EDTORLANDO, Fla.--(BUSINESS WIRE)-- Travel + Leisure Co. (NYSE: TNL) announced today it completed a term securitization transaction involving the issuance of $375 million in principal amount of asset-backed notes with an overall weighted average coupon of 5.56%. The advance rate for this transaction was 96.00%.
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