Travel + leisure announces launch of senior secured notes offering

seekingalpha.com
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Travel + Leisure Co. (NYSE:TNL) on Tuesday said it has launched a private offering of $500 million aggregate principal amount of senior secured notes due 2033. The company intends to use the net proceeds of this offering to redeem all the company’s outstanding 6.60% secured notes due October 2025, towards repayment of outstanding borrowings under o…

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