Travel And Leisure

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The Company amended the credit score agreement governing its $1 billion revolving credit score facility and time period mortgage B on December 14, 2022. This modification provides for an incremental term mortgage B of $300 million, which is in a position to mature on December 14, 2029. We expect to use the online proceeds of the incremental term loan B and revolving credit score facility capacity to repay our excellent $400 million dollar secured notes that mature in March, 2023. Net Debt — As of December 31, 2022, the Company’s leverage ratio for covenant functions was three.5x. The Company had $3.7 billion of company debt excellent as of December 31, 2022, which excluded $2.zero billion of non-recourse debt associated to its securitized notes receivables portfolio.

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