We advised the joint lead arrangers, co-managers and agent on the financing

Davis Polk advised the joint lead arrangers, co-managers and administrative agent in connection with a $597.75 million incremental term loan facility for Travel + Leisure Co. (f/k/a Wyndham Destinations, Inc.). Travel + Leisure intends to use the proceeds of the incremental term loan to refinance and replace all 2022 incremental term loans outstanding, redeem, repurchase and/or repay in full all outstanding 2024 notes and for general corporate purposes.

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’s three business lines – Wyndham Destinations, Panorama, and Travel + Leisure Group – provide vacation experiences and travel inspiration to millions of owners, members and subscribers every year through their products and services.

The Davis Polk finance team included partner Christopher Nairn-Kim and associates Esam Ibrahim and Bryan Mendiola. All members of the Davis Polk team are based in the New York office.

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