Travel + Leisure Closes $350 Million Term Securitization Transaction

MT Newswires Live03-19

Travel + Leisure (TNL) said Wednesday it completed a term securitization transaction, issuing $350 million of asset-backed notes with an overall weighted average coupon of 5.20%.

The advance rate for the transaction was 98%, the company said.

The company's indirect subsidiary Sierra Timeshare 2025-1 Receivables Funding issued $171 million of class A Notes, $71 million of class B Notes, $71 million of class C Notes, and $37 million of class D Notes.

The class A Notes have a coupon of 4.81%, the class B Notes have a coupon of 5.10%, the class C Notes have a coupon of 5.39%, and the class D Notes have a coupon of 6.86%, the company said.

Price: 47.29, Change: +0.66, Percent Change: +1.42

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2520547851?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2025-03-20 00:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2520547851","market":"us","top_or_hot":-1,"title":"Travel + Leisure Closes $350 Million Term Securitization Transaction","media":"MT Newswires Live","content":"<html><body><p> Travel + Leisure (TNL) said Wednesday it completed a term securitization transaction, issuing $350 million of asset-backed notes with an overall weighted average coupon of 5.20%.</p><p>The advance rate for the transaction was 98%, the company said.</p><p>The company's indirect subsidiary Sierra Timeshare 2025-1 Receivables Funding issued $171 million of class A Notes, $71 million of class B Notes, $71 million of class C Notes, and $37 million of class D Notes.</p><p>The class A Notes have a coupon of 4.81%, the class B Notes have a coupon of 5.10%, the class C Notes have a coupon of 5.39%, and the class D Notes have a coupon of 6.86%, the company said.</p><p>Price: 47.29, Change: +0.66, Percent Change: +1.42</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Travel + Leisure Closes $350 Million Term Securitization Transaction</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTravel + Leisure Closes $350 Million Term Securitization Transaction\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-03-20 00:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Travel + Leisure (TNL) said Wednesday it completed a term securitization transaction, issuing $350 million of asset-backed notes with an overall weighted average coupon of 5.20%.</p><p>The advance rate for the transaction was 98%, the company said.</p><p>The company's indirect subsidiary Sierra Timeshare 2025-1 Receivables Funding issued $171 million of class A Notes, $71 million of class B Notes, $71 million of class C Notes, and $37 million of class D Notes.</p><p>The class A Notes have a coupon of 4.81%, the class B Notes have a coupon of 5.10%, the class C Notes have a coupon of 5.39%, and the class D Notes have a coupon of 6.86%, the company said.</p><p>Price: 47.29, Change: +0.66, Percent Change: +1.42</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TNL","symbol_name":"Travel Plus Leisure Co.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2520547851","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520547851","pubTimestamp":1742401364,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Travel + Leisure  said Wednesday it completed a term securitization transaction, issuing $350 million of asset-backed notes with an overall weighted average coupon of 5.20%.The advance rate for the transaction was 98%, the company said.The company's indirect subsidiary Sierra Timeshare 2025-1 Receivables Funding issued $171 million of class A Notes, $71 million of class B Notes, $71 million of class C Notes, and $37 million of class D Notes.The class A Notes have a coupon of 4.81%, the class B Notes have a coupon of 5.10%, the class C Notes have a coupon of 5.39%, and the class D Notes have a coupon of 6.86%, the company said.Price: 47.29, Change: +0.66, Percent Change: +1.42","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TNL":"Travel Plus Leisure Co.","BK4142":"酒店、度假村与豪华游轮"},"translate_title":"Travel+Leisure完成3.5亿美元定期证券化交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TNL":0.9},"content_text":"Travel + Leisure (TNL) said Wednesday it completed a term securitization transaction, issuing $350 million of asset-backed notes with an overall weighted average coupon of 5.20%.The advance rate for the transaction was 98%, the company said.The company's indirect subsidiary Sierra Timeshare 2025-1 Receivables Funding issued $171 million of class A Notes, $71 million of class B Notes, $71 million of class C Notes, and $37 million of class D Notes.The class A Notes have a coupon of 4.81%, the class B Notes have a coupon of 5.10%, the class C Notes have a coupon of 5.39%, and the class D Notes have a coupon of 6.86%, the company said.Price: 47.29, Change: +0.66, Percent Change: +1.42","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.32.1","shortVersion":"4.32.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2520547851"}