Fundz

Travel + Leisure Co. Completes $275 Million Term Securitization

PUBLIC · TNLMar 23, 2022

Amount Raised

$275 Million

Round Type

Funding Round

OrlandoHospitalityLeisureHotelTravelVacation RentalTourism

Description

Travel + Leisure Co. (NYSE:TNL) announced today that it has completed a term securitization transaction involving the issuance of $275 million of asset-backed notes. Sierra Timeshare 2022-1 Receivables Funding LLC issued approximately $88 million of Class A Notes, approximately $81 million of Class B Notes, approximately $65 million of Class C Notes, and approximately $41 million of Class D Notes. The Class A Notes have a coupon of 3.05%, the Class B Notes have a coupon of 3.55%, the Class C Notes have a coupon of 3.94%, and the Class D Notes have a coupon of 6.00% for an overall weighted average coupon of 3.84%

Quick answer

Travel + Leisure raised $275 Million in a Funding Round round, dated March 23, 2022. Travel + Leisure is based in Orlando, Florida, United States.

How much did Travel + Leisure raise?
Travel + Leisure raised $275 Million in a Funding Round round on March 23, 2022.
What does Travel + Leisure do?
Travel + Leisure Co. (NYSE:TNL) is the world’s leading membership and leisure travel company, with nearly 20 travel brands across its resort, travel club, and lifestyle portfolio.
Where is Travel + Leisure based and how big is it?
Travel + Leisure is based in Orlando, Florida, United States. Fundz records about 20,000 employees.
Who are the decision-makers at Travel + Leisure?
Fundz holds 4 contacts at Travel + Leisure, including the Senior Vice President. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Hospitality and Leisure around the same time

Companies in the same sectors as Travel + Leisure that raised within 45 days of this round, from Fundz verified event records.

  • American Homes 4 Rent raised an undisclosed amount (Series F) on April 5, 2022.
  • Tradewinds Universal raised an undisclosed amount on March 11, 2022.
  • Element raised $3.5M (Seed) on May 6, 2022.
  • Lottie Files raised $37M (Series B) on May 3, 2022.
  • Element raised $300K (Seed) on April 26, 2022.
  • Aviation Capital Group raised an undisclosed amount (Funding Round) on April 12, 2022.

Who to call at Travel + Leisure, and when

A new round usually means Travel + Leisure is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Travel + Leisure

Location

Orlando, Florida, United States

About

Travel + Leisure Co. (NYSE:TNL) is the world’s leading membership and leisure travel company, with nearly 20 travel brands across its resort, travel club, and lifestyle portfolio. The company provides outstanding vacation experiences and travel inspiration to millions of owners, members, and subscribers every year through its products and services: Wyndham Destinations, the largest vacation ownership company with more than 245 vacation club resort locations across the globe; Panorama, the world’s foremost membership travel business that includes the largest vacation exchange company and subscription travel brands; and Travel + Leisure Group, featuring top travel content and travel services including the brand’s eponymous travel club. At Travel + Leisure Co., our global team of associates brings hospitality to millions each year, turning vacation inspiration into exceptional travel experiences. We put the world on vacation. Learn more at travelandleisureco.com.

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Related People

4 contacts
Verified contactsJonathan T., Senior Vice President hidden hidden hiddenSee plans and pricing
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Travel + Leisure raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.