A Look At Travel + Leisure (TNL) Valuation After Its US$325 Million Securitization Transaction

Why Travel + Leisure (TNL) is in focus after its latest securitization Travel + Leisure (TNL) is back on investors radars after Sierra Timeshare 2026-1 Receivables Funding LLC, an indirect subsidiary, issued US$325 million of asset backed notes in a term securitization. The transaction carried an overall weighted average coupon of 5.11% with a 98% advance rate and included multiple tranches, ranging from Class A Notes at 4.56% to Class D Notes at 7.10%. See our latest analysis for Travel +…Read More