12:22 PM EDT, 03/19/2025 (MT Newswires) -- Travel + Leisure ( TNL ) said Wednesday it completed a term securitization transaction, issuing $350 million of asset-backed notes with an overall weighted average coupon of 5.20%.

The advance rate for the transaction was 98%, the company said.

The company's indirect subsidiary Sierra Timeshare 2025-1 Receivables Funding issued $171 million of class A Notes, $71 million of class B Notes, $71 million of class C Notes, and $37 million of class D Notes.

The class A Notes have a coupon of 4.81%, the class B Notes have a coupon of 5.10%, the class C Notes have a coupon of 5.39%, and the class D Notes have a coupon of 6.86%, the company said.

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