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Wyndham Worldwide Announces Pricing of $800 Million of 6.00% Senior Unsecured Notes.

Publication: PR Newswire
Publication Date: 01-DEC-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
PARSIPPANY, N.J., Nov. 30 /PRNewswire-FirstCall/ -- Wyndham Worldwide Corporation today announced the pricing of its previously announced offering of senior unsecured notes due 2016. The aggregate principal amount of the notes has been increased to $800 million from the previously announced $500 million. The senior unsecured notes will pay interest semiannually at a rate of 6.00% per annum. The offering of the notes is expected to close on or about December 5, 2006.

Wyndham Worldwide intends to use the net proceeds from this offering to repay the $350 million principal amount outstanding under its existing interim loan facility, the...

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