Travel & Leisure Co. Enters Material Definitive Agreement
Ticker: TNL · Form: 8-K · Filed: Dec 10, 2025 · CIK: 1361658
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
Related Tickers: TNL
TL;DR
TNL just signed a big deal, creating a new financial obligation.
AI Summary
On December 10, 2025, Travel & Leisure Co. entered into a material definitive agreement, creating a direct financial obligation. The company, formerly known as Wyndham Destinations, Inc. and Wyndham Worldwide Corp, is incorporated in Delaware and headquartered in Orlando, Florida.
Why It Matters
This filing indicates a significant new financial commitment or obligation for Travel & Leisure Co., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into a material definitive agreement and creating a financial obligation can introduce new risks related to the terms of the agreement and the company's ability to meet its obligations.
Key Players & Entities
- Travel & Leisure Co. (company) — Registrant
- Wyndham Destinations, Inc. (company) — Former Company Name
- Wyndham Worldwide Corp (company) — Former Company Name
- December 10, 2025 (date) — Date of Report
FAQ
What type of material definitive agreement did Travel & Leisure Co. enter into?
The filing states that Travel & Leisure Co. entered into a material definitive agreement, but the specific details of the agreement are not provided in this excerpt.
What is the nature of the direct financial obligation created?
The filing indicates the creation of a direct financial obligation, but the specific terms and amount of this obligation are not detailed in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 10, 2025.
What was Travel & Leisure Co. formerly known as?
Travel & Leisure Co. was formerly known as Wyndham Destinations, Inc. and prior to that, Wyndham Worldwide Corp.
Where is Travel & Leisure Co. headquartered?
Travel & Leisure Co. is headquartered at 501 W. Church Street, Orlando, Florida 32805.
Filing Stats: 912 words · 4 min read · ~3 pages · Grade level 9.7 · Accepted 2025-12-10 16:00:22
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share TNL New York Stoc
- $869 million — Amendment, among other things, repriced $869 million of outstanding borrowings under the Com
Filing Documents
- wyn-20251210.htm (8-K) — 33KB
- tnl-eighthamendmenttocredi.htm (EX-10.1) — 2258KB
- pressrelease-tl875mtermloa.htm (EX-99.1) — 8KB
- image_0.jpg (GRAPHIC) — 8KB
- 0001361658-25-000338.txt ( ) — 2778KB
- wyn-20251210.xsd (EX-101.SCH) — 2KB
- wyn-20251210_lab.xml (EX-101.LAB) — 21KB
- wyn-20251210_pre.xml (EX-101.PRE) — 12KB
- wyn-20251210_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On December 10, 2025, Travel + Leisure Co. (the "Borrower") entered into the Eighth Amendment (the "Eighth Amendment") to that certain Credit Agreement, dated as of May 31, 2018, among the Borrower, the lenders from time to time party thereto, Bank of America, N.A., as administrative agent and the other parties thereto (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the "Credit Agreement"). The Eighth Amendment, among other things, repriced $869 million of outstanding borrowings under the Company's 2024 term loan B facility (the "2024 Term Loan Facility"). The 2024 Term Loan Facility maturity date remains December 14, 2029. The 2024 Term Loan Facility has substantially the same terms as the 2024 Term Loan Facility prior to the date of the Eighth Amendment, except, among other things, the 2024 Term Loan Facility: now bears interest at the Borrower's option at a rate of (a) Base Rate (which is the highest of Bank of America's prime rate, the federal funds rate plus 0.50%, and the Term SOFR (as defined in the Credit Agreement) one month rate, plus an applicable rate of 1.00% or (b) the Term SOFR rate, plus an applicable rate of 2.00% (subject to a floor of 0.00%); and may be prepaid at any time, without prepayment premium or penalty, but is subject to a prepayment premium of 1.00% if a prepayment of the 2024 Term Loan is made in connection with certain "repricing events" at any time during the first six months after the closing date. Capitalized terms used in this Current Report on Form 8-K (this "Current Report") and not otherwise defined have the meaning ascribed to them in the Credit Agreement, and the description of the Eighth Amendment in this Current Report is a summary and is qualified in its entirety by reference to the complete terms of the Eighth Amendment included therein. The Eighth Amendment is filed hereto as Exhibit 10.1 and is incorporated by
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On December 10, 2025, the B orrower issued a press release to announce the closing of the Eighth Amendment. A copy of the press release is attached hereto as Exhibit 99.1. The information set forth under Item 7.01 of this Current Report shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Borrower under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
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 10.1 Eighth Amendment to Credit Agreement, dated December 10, 2025. 99.1 Press Release of Travel + Leisure Co. to Announce the Closing of the Eighth Amendment, dated December 10, 2025. 104 Cover Page Interactive Data File (cover page XBRL tags are embedded within the Inline XBRL document) 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: December 10, 2025