10:24 AM EDT, 08/05/2025 (MT Newswires) -- Travel + Leisure ( TNL ) said Tuesday it has launched a private offering of $500 million of senior secured notes due 2033, subject to market conditions.

Net proceeds will be used to redeem all of the company's 6.6% secured notes due October 2025, for repayment of borrowings under a revolving credit facility, and to pay fees and expenses related to the offering.

Remaining proceeds will be for general corporate purposes, which may include debt repayment, the company said.

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