Travel + Leisure expects no impact re higher rates; debt mostly fixed

By Devika Patel

Knoxville, Tenn., March 29 – Travel + Leisure Co. management is not worried about rising interest rates, because most of the company’s debt is mostly fixed-rate.

“Our debt is primarily fixed, so rising interest rates do not have a significant impact [on] us,” president and chief executive officer Michael D. Brown said at the Shareholder Equity Conference on Monday.

Travel + Leisure is an Orlando, Fla.-based membership and leisure travel company.

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