Travel + Leisure Co. Completes $300 Million Term Securitization
Business Wire•14/10/2026•11:00 ET
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Key Highlights
- ➤Travel + Leisure Co. (TNL) completed a $300 million term securitization
- ➤Asset-backed notes carried a 6.18% overall weighted average coupon
- ➤Transaction achieved a 98.00% advance rate
- ➤2026 ABS issuance reached $925 million across three securitizations
- ➤Class D notes carried a 7.85% coupon
Expert Statements
Erik Hoag, Chief Financial Officer of Travel + Leisure Co.
“We completed our third term securitization of 2026, bringing total ABS issuance for the year to $925 million, each at a 98% advance rate.”
Erik Hoag, Chief Financial Officer of Travel + Leisure Co.
“Demand for our paper remained strong and spreads remained near historically tight levels, demonstrating confidence in the quality and dependability of our vacation business.”
Travel + Leisure Co. Completes $300 Million Term Securitization
Travel + Leisure Co. (NYSE:TNL) announced today it completed a term securitization transaction involving the issuance of $300 million in principal amount of asset-backed notes with an overall weighted average coupon of 6.18%. The advance rate for this transaction was 98.00%.
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