Travel + Leisure Co. Completes $300 Million Term Securitization
Travel + Leisure Co. completed a $300 million term securitization of asset-backed notes via its indirect subsidiary Sierra Timeshare 2026-2 Receivables Funding LLC. The transaction featured an overall weighted average coupon of 5.52% and an advance rate of 98.00%, divided into Class A through D notes ranging from 4.98% to 7.19%.
Key figures
- Deal Value Usd
- 300000000
- Wac
- 5.52%
- Advance rate
- 98.00%
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