Travel + Leisure Co. Completes $325 Million Term Securitization
Travel Leisure Co. Common Stock (TNL)
Company Research
Source: Business Wire
ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE:TNL) announced today it completed a term securitization transaction involving the issuance of $325 million in principal amount of asset-backed notes with an overall weighted average coupon of 5.18%. The advance rate for this transaction was 98.00%.“We are very pleased with the successful completion of our third term securitization of 2024, with both our advance rate and overall coupon improving to the best levels we have achieved in over two years,” said Mike Hug, Chief Financial Officer of Travel + Leisure Co. “We have been able to consistently access the capital markets through a variety of economic conditions, reflecting the market’s confidence in the resiliency of our business.”Sierra Timeshare 2024-2 Receivables Funding LLC issued $148 million of Class A Notes, $71 million of Class B Notes, $75 million of Class C Notes, and $31 million of Class D Notes. The Class A Notes have a coupon of 4.83%, the Class B Notes have
Show less
Read more
Impact Snapshot
Event Time:
TNL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TNL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TNL alerts
High impacting Travel Leisure Co. Common Stock news events
Weekly update
A roundup of the hottest topics
TNL
News
- Travel + Leisure Co. to Present at the Barclays Eat, Sleep, Play, Shop Conference and the Morgan Stanley Global Consumer & Retail ConferenceBusiness Wire
- Travel and Vacation Providers Stocks Q3 Results: Benchmarking Travel + Leisure (NYSE:TNL) [Yahoo! Finance]Yahoo! Finance
- Barclays and RCI Renew Long-Standing Credit Card AgreementBusiness Wire
- Travel + Leisure Co. Ranked the No. 1 Top Workplace with 150+ Employees in Top Workplaces Hawai’i 2024Business Wire
- Why This Timeshare Stock Is A Bargain And A Good Investment [Forbes]Forbes
TNL
Earnings
- 10/23/24 - Beat
TNL
Sec Filings
- 11/19/24 - Form 4
- 11/18/24 - Form 144
- 11/14/24 - Form 4
- TNL's page on the SEC website