Travel + Leisure Co. Successfully Executes $875 million Secured Term Loan B Facility Repricing and Refinancing Transaction
Travel Leisure Co. Common Stock (TNL)
Company Research
Source: Business Wire
ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE:TNL) announced today the closing of the Sixth Amendment to its Credit Agreement, which established an $875 million incremental term loan (the “2024 Term Loan B Facility”). The 2024 Term Loan B Facility matures on December 14, 2029, and priced at SOFR plus 250 basis points at par. This facility replaces and reprices the $593 million of outstanding borrowings under the 2023 incremental term loan B facility and refinances the $282 million of outstanding borrowings under the Company’s 2018 term loan B facility due May 31, 2025.“We are very pleased with the transaction results. The continued strength of Travel + Leisure Co.’s business allowed us to capitalize on favorable market conditions and successfully refinance and reprice our term loan B facilities. Solid investor demand enabled us to extend the maturity date for our $282 million term loan due May 2025 and achieve annual interest savings of nearly $5 million with no origi
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
- Three arrested for shots fired near scene of deadly Towson mass shooting [CBS News]CBS News
- Travel + Leisure Co. Announces Retirement of CFO Mike Hug in 2025Business Wire
- Aging Days Inn near Towson mass shooting to be replaced by affordable apartments Aging Days Inn near Towson mass shooting to be replaced by affordable apartments 13M ago 03:12 [CBS News]CBS News
- Affordable apartments to replace troubled Days Inn near site of Towson mass shooting New affordable housing will replace an old, trouble-some hotel near where a mass shooting and crash happened on Tuesday, Dec. 17, that left nine injured and one killed inAcquire Media Monitor
- Club Wyndham Recognized as a Top Family-Friendly Vacation Company in Parents Family Travel Awards and Wherever Family AwardsBusiness Wire
TNL
Earnings
- 10/23/24 - Beat
TNL
Sec Filings
- 12/20/24 - Form 8-K
- 12/11/24 - Form 8-K
- 11/27/24 - Form 4
- TNL's page on the SEC website