Travel + Leisure Co. Announces Launch of Senior Secured Notes Offering
Travel + Leisure Co. launched a private offering of $900 million in aggregate principal amount of senior secured notes due 2031. The company intends to use the net proceeds to redeem all of its outstanding 6.625% secured notes due July 2026 and to repay borrowings under its revolving credit facility.
Key figures
- Deal Value Usd
- $900 million
- Notes redeemed
- 6.625% secured notes due July 2026
- New maturity year
- 2031
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