Travel + Leisure Co. $(TNL)$ has completed a $300 million term securitization transaction through its indirect subsidiary, Sierra Timeshare 2025-3 Receivables Funding LLC. The transaction involved the placement of asset-backed notes with an overall weighted average coupon of 4.78% and an advance rate of 98.00%. The securitization includes four classes of notes: $151 million of Class A Notes with a coupon of 4.44%, $61 million of Class B Notes with a coupon of 4.64%, $60 million of Class C Notes with a coupon of 4.98%, and $28 million of Class D Notes with a coupon of 6.54%. The transaction was completed as a private placement under Rule 144A and Regulation S. No URL for the full prospectus is provided in the document.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Travel + Leisure Co. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251015435181) on October 15, 2025, and is solely responsible for the information contained therein.