Travel + Leisure

Travel + Leisure, through its subsidiary Sierra Timeshare 2026-2 Receivables Funding LLC, placed an asset-backed securities (ABS) package of $300 million with a weighted average coupon of 5.52%. Four tranches were issued: Class A $136m (4.98%), Class B $52m (5.19%), Class C $62m (5.63%) and Class D $50m (7.19%); the financing ratio was 98%. The securities were sold privately under Rule 144A and Regulation S and are intended to ensure efficient access to capital; the company points to a strong balance sheet with a current ratio of 2.93 and a market capitalization of $4.53 billion. » Altro su de.investing.com

At the annual general meeting, shareholders elected nine members to Travel & Leisure’s board through 2027 and approved the board’s remuneration in a non-binding vote. Shareholders confirmed Deloitte & Touche as the independent auditor for the fiscal year ending 31 December 2026. The company also announced a private placement of $900 million in senior secured notes (maturing 2031, coupon 6.25%) to refinance maturing debt, and declared a cash dividend of $0.60 per common share (record date June 12, 2026). » Altro su de.investing.com

Travel + Leisure priced a private placement of $900 million of senior secured notes due June 1, 2031. The notes pay 6.25% annually, with semiannual interest payments, were issued at 100% of par and the closing is expected on May 20, 2026. Net proceeds are to be used to repay 6.625% notes maturing in July 2026, to service the revolving credit facility and for general corporate purposes. The offering was made solely to qualified institutional buyers (Rule 144A) and offshore investors (Regulation S); Travel + Leisure has total debt of about $5.9 billion, a market capitalization of $4 billion and a current ratio of 2.93. » Altro su de.investing.com