Travel + Leisure seeks amendment to transition term loan debt to SOFR

By Sara Rosenberg

New York, March 22 – Travel + Leisure Co. is shopping a negative consent amendment to shift its term loan debt to SOFR from Libor and add CSA, according to a market source.

The CSA would be ARCC standard of 11.448 basis points one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.

BofA Securities Inc. is the lead on the deal.

The amendment deadline is end of day on Tuesday, the source added.

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

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