Tuesday, February 23, 2010

Wyndham Worldwide Prices $250 Million of Senior Unsecured Notes

Wyndham Worldwide Corporation (NYSE: WYN) today announced the pricing of the public offering of $250 million aggregate principal amount of its senior unsecured notes due 2020. The senior unsecured notes offering is expected to close on February 25, 2010. Wyndham Worldwide intends to use the aggregate net proceeds from the offering to repay indebtedness including its Australia credit facility due June 2010.

The senior unsecured notes will bear interest at a rate of 7.375% per year payable semi-annually on March 1 and September 1 of each year, commencing September 1, 2010. The notes will mature on March 1, 2020. The notes were offered to the public at a price of 99.998% of principal amount.

0 comments:

Post a Comment