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AI brief of an SEC Form 8-K · Travel + Leisure (TNL)

Travel + Leisure closes $875 million term loan B refinancing, maturing December 2029

Neutral Impact 3 of 5 financing Written later

Travel + Leisure Co. entered into a Sixth Amendment to its credit agreement, establishing an $875 million term loan B facility that matures December 14, 2029. Proceeds, with cash on hand, replace $593 million of 2023 term loan borrowings and refinance $282 million of 2018 term loan borrowings due May 31, 2025. The company says the deal yields annual interest savings of nearly $5 million, with no original issue discount.

Key points

  • New 2024 Term Loan B Facility totals $875 million and matures December 14, 2029
  • Replaces and reprices $593 million of 2023 term loan B borrowings
  • Refinances $282 million of 2018 term loan B borrowings due May 31, 2025
  • Priced at SOFR plus 250 basis points; prepayment premium of 1.00% applies to certain repricing events in first six months

The filing

CompanyTravel + Leisure (TNL)
Form8-K, current report
Filed with the SECDec 11, 2024, 5:07 PM ET
Accession number0001361658-24-000222

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 11, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.