Travel + Leisure reprices $869 million term loan, cutting rate 50 basis points
Travel + Leisure Co. entered into an Eighth Amendment to its Credit Agreement on December 10, 2025, repricing $869 million of borrowings under its 2024 term loan B facility. The filing says the interest rate falls by 50 basis points, from SOFR plus 2.50% to SOFR plus 2.00%, while the December 14, 2029 maturity date is unchanged. The company says the lower rate reduces its cost of capital.
Key points
- Repriced borrowings: $869 million under the 2024 Term Loan B Facility, dated under the Eighth Amendment of December 10, 2025
- Rate cut: applicable rate reduced by 50 basis points, from SOFR plus 2.50% to SOFR plus 2.00%
- Maturity date remains December 14, 2029
- Facility may be prepaid without premium, except a 1.00% prepayment premium for certain repricing events in the first six months after closing
The filing
Written by AI on Nov 8, 2026, 12:59 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 10, 2025.
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.