Travel + Leisure completes $300 million asset — backed note issuance
Travel + Leisure completes $300 million term securitization through issuance of asset-backed notes. Overall weighted average coupon is 6.18%; the transaction's advance rate is 98%. The third term securitization of 2026 brings total annual asset-backed securities issuance to $925 million, each at a 98% advance rate. Dis