Travel + Leisure Co. Announces Launch of Senior Secured Notes Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 05 2025
0mins
Source: Newsfilter
Private Offering Announcement: Travel + Leisure Co. has launched a private offering of $500 million in senior secured notes due 2033, intending to use the proceeds for redeeming existing debt and general corporate purposes.
Forward-Looking Statements Caution: The company warns that forward-looking statements regarding its future performance are subject to various risks and uncertainties that could lead to different outcomes than expected.
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Analyst Views on TNL
Wall Street analysts forecast TNL stock price to rise
9 Analyst Rating
7 Buy
2 Hold
0 Sell
Strong Buy
Current: 66.710
Low
65.14
Averages
72.68
High
80.00
Current: 66.710
Low
65.14
Averages
72.68
High
80.00
About TNL
Travel + Leisure Co. is a vacation ownership and membership travel company. The Company’s segments include Vacation Ownership and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, provides consumer financing in connection with the sale of VOIs, and provides property management services at resorts. This segment includes its Vacation Ownership business line. It provides day-to-day property management services, including oversight of housekeeping services, maintenance, and certain accounting and administrative services for property owners’ associations and clubs. These services may also include reservation and resort renovation activities. Travel and Membership segment operates a variety of travel businesses, including vacation exchange brands, travel technology platforms, travel memberships, and direct-to-consumer rentals. This segment is comprised of its Exchange and Travel Club business lines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
New Video Series Reveals Resort Operations
- Video Series Launch: Travel + Leisure Co. has partnered with television host Ty Pennington to launch a new video series aimed at providing vacation club owners with an in-depth look at the people, planning, and investment behind resort operations, enhancing owners' understanding of their vacation experiences.
- Maintenance Fee Transparency: The series emphasizes the importance of maintenance fees in vacation club ownership, aiming to educate owners on how these fees are utilized, thereby increasing owner satisfaction and trust in the brand.
- Operational Details Showcase: The video content covers various aspects from large-scale renovations to daily maintenance, including engineering, housekeeping, landscaping, and guest programming, illustrating how hundreds of employees work together to ensure smooth resort operations.
- Weekly Updates: The series will be released every Wednesday, starting May 27, and is expected to be promoted through owner communications, websites, and social media platforms, further enhancing owner engagement and brand loyalty.
See More
Groundbreaking for Sports Illustrated Resorts in Alabama Marks National Expansion
- Project Groundbreaking: Travel + Leisure Co. has broken ground on a new Sports Illustrated Resorts in Tuscaloosa, Alabama, marking the brand's first ground-up development in a collegiate market and a significant step in its national expansion.
- Geographic Advantage: Located near the University of Alabama, the resort aims to provide convenient access to campus and downtown, offering a year-round mixed-use experience for fans and visitors, thereby further driving economic development in the area.
- Design Features: The resort will blend classic Southern architecture with sports-inspired design elements, expected to open in 2028, featuring 75 whole-ownership condominiums and 86 vacation ownership units, along with an exclusive owner's lounge and state-of-the-art fitness center to enhance guest experience.
- Economic Impact: The project is anticipated to generate hundreds of construction jobs and long-term employment opportunities, supporting economic growth in the Tuscaloosa area while aligning with other resort projects in high-demand markets to expand the brand's footprint.
See More
Travel+Leisure Declares Quarterly Dividend of $0.60 per Share
- Quarterly Dividend Declaration: Travel+Leisure has declared a quarterly dividend of $0.60 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 3.7% reflects the company's appeal in the current market environment, potentially boosting shareholder confidence and stabilizing the stock price.
- Payment Schedule: The dividend is payable on June 30, with a record date of June 12 and an ex-dividend date also on June 12, ensuring shareholders receive timely returns, thereby enhancing their willingness to hold shares.
- Debt Financing Update: Travel+Leisure has recently launched a $900 million senior secured notes offering due in 2031, which will provide additional funding support for the company's future expansion and investment plans.
See More
Travel + Leisure Co. Receives Multiple Honors at ARDA Conference
- Technology Innovation Award: Travel + Leisure Co.'s Club Wyndham Mobile App received the ARDA Circle of Excellence Customer Service Award, highlighting the company's ongoing investment in digital tools aimed at enhancing customer experience and streamlining vacation management, thereby reinforcing its leadership position in the leisure travel market.
- Successful Headquarters Relocation: The company was awarded the Cross Functional Team: People and Culture Award for successfully guiding nearly 900 associates through the transition to its new global headquarters in downtown Orlando, ensuring business continuity and enhancing collaboration, showcasing its management capabilities during significant change.
- Employee Engagement Campaign: The '101 on 501' employee engagement campaign was recognized, reflecting the company's commitment to fostering employee participation and cultural development, aimed at increasing employee satisfaction and sense of belonging.
- Design Award: The newly opened Eddie Bauer Adventure Club resort received the Interior Design Award, showcasing the company's innovation in modern outdoor-inspired design, further enriching its brand portfolio and attracting new customer demographics.
See More
Eddie Bauer Adventure Club Officially Launches in Moab, Utah
- Concept Launch: Travel + Leisure Co. officially launches the Eddie Bauer Adventure Club, with its first destination in Moab, Utah, marking the brand's inaugural venture into hospitality aimed at attracting adventure enthusiasts through immersive travel experiences.
- Facilities and Design: The Moab resort features 39 suites, including studio, one-, two-, and three-bedroom accommodations, blending outdoor-inspired elements with modern comforts like kitchens and laundry facilities, creating an ideal base for exploration and relaxation.
- Sustainability Commitment: Eddie Bauer Adventure Club incorporates sustainability initiatives in its design, such as refillable water stations and reduced single-use plastics, reflecting the brand's commitment to outdoor stewardship and encouraging guests to explore responsibly.
- Membership Benefits: Founding members gain exclusive benefits, including an annual curated excursion for two, priority booking privileges, and 50% discounts on Eddie Bauer apparel and gear, aimed at deepening their connection to the brand and extending the adventure beyond each stay.
See More
Travel + Leisure Co. Prices $900 Million Senior Secured Notes Offering
- Offering Size: Travel + Leisure Co. announced a private offering of $900 million in senior secured notes at a 6.250% interest rate, expected to close on May 20, enhancing the company's financial flexibility.
- Debt Management: The company plans to use the proceeds to redeem all outstanding 6.625% secured notes due July 2026, thereby reducing future interest burdens and optimizing its capital structure.
- Repayment Schedule: The new notes will mature on June 1, 2031, with interest payments commencing on December 1, 2026, ensuring predictability in the company's future cash flow management.
- Diverse Uses: In addition to redeeming old debt, Travel + Leisure intends to allocate part of the funds to repay borrowings under its revolving credit facility and for general corporate purposes, reflecting its commitment to financial stability.
See More
New Video Series Reveals Resort Operations
- Video Series Launch: Travel + Leisure Co. has partnered with television host Ty Pennington to launch a new video series aimed at providing vacation club owners with an in-depth look at the people, planning, and investment behind resort operations, enhancing owners' understanding of their vacation experiences.
- Maintenance Fee Transparency: The series emphasizes the importance of maintenance fees in vacation club ownership, aiming to educate owners on how these fees are utilized, thereby increasing owner satisfaction and trust in the brand.
- Operational Details Showcase: The video content covers various aspects from large-scale renovations to daily maintenance, including engineering, housekeeping, landscaping, and guest programming, illustrating how hundreds of employees work together to ensure smooth resort operations.
- Weekly Updates: The series will be released every Wednesday, starting May 27, and is expected to be promoted through owner communications, websites, and social media platforms, further enhancing owner engagement and brand loyalty.
See More
Groundbreaking for Sports Illustrated Resorts in Alabama Marks National Expansion
- Project Groundbreaking: Travel + Leisure Co. has broken ground on a new Sports Illustrated Resorts in Tuscaloosa, Alabama, marking the brand's first ground-up development in a collegiate market and a significant step in its national expansion.
- Geographic Advantage: Located near the University of Alabama, the resort aims to provide convenient access to campus and downtown, offering a year-round mixed-use experience for fans and visitors, thereby further driving economic development in the area.
- Design Features: The resort will blend classic Southern architecture with sports-inspired design elements, expected to open in 2028, featuring 75 whole-ownership condominiums and 86 vacation ownership units, along with an exclusive owner's lounge and state-of-the-art fitness center to enhance guest experience.
- Economic Impact: The project is anticipated to generate hundreds of construction jobs and long-term employment opportunities, supporting economic growth in the Tuscaloosa area while aligning with other resort projects in high-demand markets to expand the brand's footprint.
See More
Travel+Leisure Declares Quarterly Dividend of $0.60 per Share
- Quarterly Dividend Declaration: Travel+Leisure has declared a quarterly dividend of $0.60 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 3.7% reflects the company's appeal in the current market environment, potentially boosting shareholder confidence and stabilizing the stock price.
- Payment Schedule: The dividend is payable on June 30, with a record date of June 12 and an ex-dividend date also on June 12, ensuring shareholders receive timely returns, thereby enhancing their willingness to hold shares.
- Debt Financing Update: Travel+Leisure has recently launched a $900 million senior secured notes offering due in 2031, which will provide additional funding support for the company's future expansion and investment plans.
See More
Travel + Leisure Co. Receives Multiple Honors at ARDA Conference
- Technology Innovation Award: Travel + Leisure Co.'s Club Wyndham Mobile App received the ARDA Circle of Excellence Customer Service Award, highlighting the company's ongoing investment in digital tools aimed at enhancing customer experience and streamlining vacation management, thereby reinforcing its leadership position in the leisure travel market.
- Successful Headquarters Relocation: The company was awarded the Cross Functional Team: People and Culture Award for successfully guiding nearly 900 associates through the transition to its new global headquarters in downtown Orlando, ensuring business continuity and enhancing collaboration, showcasing its management capabilities during significant change.
- Employee Engagement Campaign: The '101 on 501' employee engagement campaign was recognized, reflecting the company's commitment to fostering employee participation and cultural development, aimed at increasing employee satisfaction and sense of belonging.
- Design Award: The newly opened Eddie Bauer Adventure Club resort received the Interior Design Award, showcasing the company's innovation in modern outdoor-inspired design, further enriching its brand portfolio and attracting new customer demographics.
See More
Eddie Bauer Adventure Club Officially Launches in Moab, Utah
- Concept Launch: Travel + Leisure Co. officially launches the Eddie Bauer Adventure Club, with its first destination in Moab, Utah, marking the brand's inaugural venture into hospitality aimed at attracting adventure enthusiasts through immersive travel experiences.
- Facilities and Design: The Moab resort features 39 suites, including studio, one-, two-, and three-bedroom accommodations, blending outdoor-inspired elements with modern comforts like kitchens and laundry facilities, creating an ideal base for exploration and relaxation.
- Sustainability Commitment: Eddie Bauer Adventure Club incorporates sustainability initiatives in its design, such as refillable water stations and reduced single-use plastics, reflecting the brand's commitment to outdoor stewardship and encouraging guests to explore responsibly.
- Membership Benefits: Founding members gain exclusive benefits, including an annual curated excursion for two, priority booking privileges, and 50% discounts on Eddie Bauer apparel and gear, aimed at deepening their connection to the brand and extending the adventure beyond each stay.
See More
Travel + Leisure Co. Prices $900 Million Senior Secured Notes Offering
- Offering Size: Travel + Leisure Co. announced a private offering of $900 million in senior secured notes at a 6.250% interest rate, expected to close on May 20, enhancing the company's financial flexibility.
- Debt Management: The company plans to use the proceeds to redeem all outstanding 6.625% secured notes due July 2026, thereby reducing future interest burdens and optimizing its capital structure.
- Repayment Schedule: The new notes will mature on June 1, 2031, with interest payments commencing on December 1, 2026, ensuring predictability in the company's future cash flow management.
- Diverse Uses: In addition to redeeming old debt, Travel + Leisure intends to allocate part of the funds to repay borrowings under its revolving credit facility and for general corporate purposes, reflecting its commitment to financial stability.
See More
