0001361658-26-000032
SEC filingTravel + Leisure Co. entered into a purchase agreement for $900 million senior secured notes due 2031 to redeem its 6.625% notes due 2026 and repay credit facility borrowings.
Travel + Leisure Co. has launched a $900 million private offering of 6.250% senior secured notes due 2031, with proceeds earmarked to refinance existing debt. The company will redeem all $650 million of its outstanding 6.625% secured notes maturing July 2026, and repay borrowings under its revolving credit facility due June 2030. This refinancing extends maturities and likely reduces interest expense given the lower coupon on the new notes. The offering is expected to close on May 20, 2026, and is conditioned on customary market conditions. The redemption of the 2026 Notes is contingent upon the successful closing of the offering. The transaction strengthens the company's balance sheet by addressing near-term debt maturities and improving liquidity.