Travel + Leisure completes USD 300 million asset-backed notes securitization
TNL•Securitization completed
Travel + Leisure completed a USD 300 million term securitization of asset-backed notes at a 5.52% weighted average coupon.
Sierra Timeshare 2026-2 Receivables Funding issued four note classes totaling USD 300 million, led by USD 136 million of Class A notes.
The transaction carried a 98% advance rate, signaling strong investor demand for the company’s receivables platform.
