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Travel + Leisure Co ( (TNL) ) just unveiled an announcement.
Travel + Leisure Co. announced the closing of the Sixth Amendment to its Credit Agreement, establishing an $875 million term loan which extends the maturity date to December 14, 2029. The new facility replaces and reprices previous borrowings, resulting in nearly $5 million in annual interest savings, reflecting strong investor demand and favorable market conditions.
More about Travel + Leisure Co
Travel + Leisure Co. is the world’s leading membership and leisure travel company, offering a portfolio of vacation ownership, travel club, and lifestyle travel brands. The company facilitates more than six million vacations annually and is committed to responsible tourism, supported by over 19,000 associates globally. It aims to provide diverse travel experiences for modern leisure travelers whether they are exploring global destinations or opting for nearby getaways.
YTD Price Performance: 42.39%
Average Trading Volume: 621,695
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.68B
See more data about TNL stock on TipRanks’ Stock Analysis page.
