02:46 PM EDT, 10/15/2025 (MT Newswires) -- Travel + Leisure ( TNL ) said Wednesday that it had completed a $300 million term securitization, issuing asset-backed notes with a weighted-average coupon of 4.78% and an advance rate of 98%.

The securitization, via Sierra Timeshare 2025-3 Receivables Funding, issued $151 million of class A notes, $61 million of class B notes, $60 million of class C notes, and $28 million of class D Notes, with coupons between 4.44% and 6.54%, the company said.

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