Travel+Leisure Co Stock Price, News & Analysis

Travel + Leisure Co. (NYSE:TNL) has announced the pricing of $500 million senior secured notes due 2033 in a private offering. The notes will bear interest at 6.125% per year, payable semi-annually starting March 1, 2026. The offering is expected to close on August 19, 2025.

The company plans to use the proceeds to redeem all outstanding 6.60% secured notes due October 2025, repay revolving credit facility borrowings, cover offering expenses, and potentially for general corporate purposes including future debt paydowns. The notes include optional redemption provisions, with different terms before and after August 15, 2028, and the ability to redeem at par after August 15, 2030.

The notes are being offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.

Travel + Leisure Co. (NYSE:TNL) has announced a private offering of $500 million senior secured notes due 2033. The company plans to use the proceeds to redeem all outstanding 6.60% secured notes due October 2025, repay revolving credit facility borrowings, cover offering expenses, and potentially for general corporate purposes including future debt paydowns.

The notes will be offered exclusively to qualified institutional buyers under Rule 144A of the Securities Act and non-U.S. persons in offshore transactions under Regulation S. As a leading leisure travel company, TNL serves over six million vacationers annually through its portfolio of vacation ownership, travel club, and lifestyle travel brands, supported by nearly 19,000 associates globally.

["Refinancing of existing debt with new 2033 notes suggests strong market confidence", "Strategic debt management to potentially reduce interest expenses", "Demonstrates ability to access capital markets for refinancing"]

Travel + Leisure Co. (NYSE:TNL) reported strong Q2 2025 financial results with net income of $108 million and diluted EPS of $1.62. The company achieved net revenue of $1.02 billion and Adjusted EBITDA of $250 million.

Key highlights include a 6% increase in Vacation Ownership revenue to $853 million, driven by a 7% increase in VPG to $3,251 and a 3% increase in tours. The Travel and Membership segment saw a 6% revenue decline to $166 million.

The company returned $107 million to shareholders through $37 million in dividends and $70 million in share repurchases. Management reaffirmed full-year 2025 Adjusted EBITDA guidance of $955-985 million and expects Q3 Adjusted EBITDA of $250-260 million.

Travel + Leisure Co. (NYSE:TNL) has successfully completed a $300 million term securitization transaction through its subsidiary Sierra Timeshare 2025-2 Receivables Funding LLC. The transaction achieved an overall weighted average coupon of 5.10% and a 98.00% advance rate.

The securitization included multiple note classes: $143 million Class A Notes at 4.72%, $67 million Class B Notes at 4.93%, $59 million Class C Notes at 5.32%, and $31 million Class D Notes at 6.79%. According to CFO Erik Hoag, this represents the tightest pricing level since early 2022, demonstrating strong investor demand and the company's robust business model.

Travel + Leisure Co. (NYSE:TNL) has announced plans to expand its Sports Illustrated Resorts portfolio with a new vacation ownership destination in Nashville, Tennessee. Set to open in Spring 2026, the resort will be located on Music Row in Midtown, offering studio, one-bedroom, and two-bedroom suites with full kitchens and in-unit laundry.

The property will feature amenities including a resort-style outdoor pool, quick-service dining, an exclusive owners' lounge, and a signature fitness center. This expansion follows the previously announced Tuscaloosa resort and aligns with TNL's multi-brand strategy to develop new vacation experiences. The Nashville location was chosen for its strong sports presence, hosting professional football and hockey teams, as well as competitive college conferences.

Travel + Leisure Co. (NYSE:TNL) has scheduled its second quarter 2025 financial results announcement for July 23, 2025, before market opening. The company will host a conference call at 8:00 a.m. EDT featuring CEO Michael D. Brown and CFO Erik Hoag to discuss business outlook and performance.

Investors can access the call via webcast through the company's website or by phone. An archive of the webcast will be available for 90 days following the call. Travel + Leisure Co. is a prominent leisure travel company serving over six million vacationers annually, operating through various vacation ownership, travel club, and lifestyle travel brands with approximately 19,000 associates globally.

Travel + Leisure Co. (NYSE:TNL) has successfully amended its Credit Agreement, establishing a new $1 billion revolving credit facility with maturity extended to June 2030, replacing the previous facility that was due in October 2026.

Key improvements include a 25 basis points reduction in pricing spreads on borrowings and letters of credit, elimination of Term SOFR credit spread adjustment, reduced minimum interest coverage ratio, and lower commitment fee pricing spread. The amendment also provides expanded covenants and increased incurrence baskets.

CFO Erik Hoag emphasized that the improved terms reflect the company's business stability and strong banking relationships, while enhancing financial flexibility for growth strategy execution.

Travel + Leisure Co. (NYSE:TNL) and Hornblower Group have announced a strategic marketing partnership to enhance travel experiences for their customers. The collaboration will feature Travel + Leisure Co.'s brands at Hornblower's ports and vessels across key markets, with dedicated teams offering exclusive vacation packages to 22 million annual Hornblower guests.

As Hornblower's exclusive vacation ownership partner, Travel + Leisure Co. will host thousands of owners at City Cruises Live events, featuring performances by renowned artists, sports legends, and celebrity appearances. The partnership extends across Hornblower's maritime portfolio and land-based experiences through Walks and Devour Tours in over 20 cities across Europe and North America.

Elavon, a U.S. Bank subsidiary, has expanded its partnership with Wyndham Hotels & Resorts by making its Cloud Payments Interface (CPI) available to over 6,000 franchisees across the US and Canada. The cloud-based solution eliminates the need for expensive on-site hardware, reduces operational costs, and enhances mobile check-in security. CPI offers scalable payment services, seamless integration with property management systems and loyalty programs, and advanced security features. The collaboration builds on a 20-year relationship between Elavon and Wyndham, aiming to modernize payment processing across Wyndham's 25 brands while improving guest experience through faster check-ins and touchless payments.