Earlier this month, Travel + Leisure Co. entered into a fourth supplemental indenture to issue US$500 million of 6.125% senior secured notes due 2033, using proceeds to redeem 6.60% notes maturing in October 2025, repay revolving credit lines, cover offering expenses, and potentially for additional debt reduction and general corporate needs.
This refinancing effort reflects a deliberate move to reduce future interest expenses and strengthen the company’s capital structure while preserving…
This refinancing effort reflects a deliberate move to reduce future interest expenses and strengthen the company’s capital structure while preserving…
