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Prospect News home > News index > List of issuers T > Headlines for Travel + Leisure Co. > News item
Published on 12/2/2022 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Fitch rates Travel + Leisure loan BB+

Fitch Ratings said it rated Travel + Leisure, Co.'s (TNL) proposed senior secured term loan BB+/RR2.

The agency affirmed TNL’s BB+ senior secured rating on July 20.

Fitch expects the transaction to be leverage neutral and the proceeds to be used to redeem TNL's $400 million in 3.9% secured notes due March 2023.

The outlook is negative.


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