The high-yield notes are due 2029

Davis Polk advised the representative of the initial purchasers on a Rule 144A / Regulation S offering by Travel + Leisure Co. of $650 million aggregate principal amount of its 4.500% senior secured notes due 2029.

Travel + Leisure is the world’s leading membership and leisure travel company, with nearly 20 travel brands across its resort, travel club and lifestyle portfolio. The company provides outstanding vacation experiences and travel inspiration to millions of owners, members and subscribers every year through its products and services.

The Davis Polk corporate team included partner Derek Dostal and associate Amber Leary. The finance team included partner Jeong M. Lee and associate Christopher Nairn-Kim. Partner Ethan R. Goldman and associate Bradford Sherman provided tax advice. Counsel Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.

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