01:25 PM EDT, 07/22/2025 (MT Newswires) -- Travel + Leisure ( TNL ) said Tuesday it completed a $300 million term securitization with a weighted average interest rate of 5.10%.

The securitization was done through Travel + Leisure's ( TNL ) Sierra Timeshare 2025-2 Receivables Funding LLC unit with a 98% advance rate, it added.

The notes include $143 million in Class A at 4.72%, $67 million in Class B at 4.93%, $59 million in Class C at 5.32%, and $31 million in Class D at 6.79%, according to the company.

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