Travel & Leisure Co. Files 8-K: Material Agreement & Financial Obligation

TL;DR

TNL inked a big deal & took on debt, filing 8-K today.

AI Summary

On August 19, 2025, Travel & Leisure Co. entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The company, formerly known as Wyndham Destinations, Inc., is headquartered in Orlando, Florida.

Why It Matters

This filing signals a significant new agreement and potential financial commitment for Travel & Leisure Co., which could impact its future financial health and strategic direction.

Risk Assessment

Risk Level: medium — The creation of a direct financial obligation or off-balance sheet arrangement suggests potential new debt or financial commitments that could carry inherent risks.

Key Numbers

• 001-32876 — SEC File Number (Identifies the company's filing with the SEC.)
• 20-0052541 — IRS Employer Identification Number (Company's tax identification number.)

Key Players & Entities

• Travel & Leisure Co. (company) — Registrant
• Wyndham Destinations, Inc. (company) — Former company name
• August 19, 2025 (date) — Date of report and earliest event
• 6277 Sea Harbor Drive Orlando Florida 32821 (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value per share TNL New York Stoc
• $500,000,000 — onnection with the issuance and sale of $500,000,000 aggregate principal amount of 6.125% se
• $100 million — s such that at least the greater of (a) $100 million and (b) 1.5% of Consolidated Total Asse

Filing Documents

• wyn-20250819.htm (8-K) — 39KB
• exhibit42-tnlxfourthsupple.htm (EX-4.2) — 315KB
• 0001361658-25-000291.txt ( ) — 530KB
• wyn-20250819.xsd (EX-101.SCH) — 2KB
• wyn-20250819_lab.xml (EX-101.LAB) — 21KB
• wyn-20250819_pre.xml (EX-101.PRE) — 12KB
• wyn-20250819_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Overview On August 19, 2025, Travel + Leisure Co. (the "Company") and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), entered into the fourth supplemental indenture (the "Fourth Supplemental Indenture") to the indenture, dated December 13, 2019 (the "Base Indenture" and, together with the Fourth Supplemental Indenture, the "Indenture"), in connection with the issuance and sale of $500,000,000 aggregate principal amount of 6.125% senior secured notes due 2033 (the "Notes") to BofA Securities, Inc. and certain other initial purchasers (collectively, the "Initial Purchasers"). The Company expects to use the net proceeds from the sale of the Notes to redeem all of its outstanding 6.60% secured notes due October 2025 (the "2025 Notes"), towards repayment of outstanding borrowings under its secured revolving credit facility due June 2030, to pay the fees and expenses incurred in connection with the offering of the Notes and, to the extent there are any remaining proceeds, for general corporate purposes which may include future debt paydowns. Interest; Ranking; Guarantees The Notes bear interest at a rate of 6.125% per year payable semi-annually in arrears on March 1 and September 1 of each year, commencing March 1, 2026. The Notes are senior secured obligations and are equal in right of payment with the Company's existing and future senior indebtedness from time to time outstanding, including obligations under its Credit Agreement, dated as of May 31, 2018, with Bank of America, N.A., as administrative agent, the several lenders and letter of credit issuers from time to time party thereto, and the other parties thereto (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the "Credit Agreement") (except to the extent of any guarantees thereof) and the 2025 Notes, the Company's 6.625% Notes due 2026, the Company's 6.00% Notes due 2027, the Comp

01. Other Events

Item 8.01. Other Events. 2025 Notes Redemption On August 19, 2025, the Company determined that all conditions precedent to the Company's redemption (the "Redemption") of its 2025 Notes pursuant to its Conditional Notice of Full Redemption issued on August 5, 2025 had been satisfied. Accordingly, the 2025 Notes will be redeemed on September 4, 2025.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. d) Exhibits. The following exhibit is furnished with this report: Exhibit No. Description 4.1 Indenture, dated December 13, 2019, between Wyndham Destinations, Inc. and U.S. Bank Trust Company, National Association, as Trustee (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed on December 13, 2019). 4.2* Fourth Supplemental Indenture, dated August 19, 2025, between Travel + Leisure Co. and U.S. Bank Trust Company, National Association, as Trustee. 4.3* Form of 6.125% Note due 2033 (included in Exhibit 4.2). 104 Cover Page Interactive Data File (cover page XBRL tags are embedded within the Inline XBRL document) * Filed with this report SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TRAVEL + LEISURE CO. By: /s/ Thomas M. Duncan Name: Thomas M. Duncan Title: Chief Accounting Officer Date: August 19, 2025

View Full Filing

View this 8-K filing on SEC EDGAR