Wyndham Worldwide prices $250 million of senior unsecured notes
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Wyndham Worldwide prices $250 million of senior unsecured notes
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Catégorie : Monde - Économie du secteur -
Chiffres et études
Ceci est un communiqué de presse sélectionné par notre comité éditorial et mis en ligne gratuitement le 16-09-2010
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 February 1, 2018. The senior unsecured notes offering is expected to close on September 20, 2010. Wyndham Worldwide intends to use the aggregate net proceeds from the offering to reduce outstanding indebtedness and for general corporate purposes.
The senior unsecured notes will bear interest at a rate of 5.75% per year payable semi–annually on February 1 and August 1 of each year, commencing February 1, 2011. The notes were offered to the public at a price of 99.949% of principal amount.
"With interest rates at historic lows, the timing of this bond offering is excellent. This debt issuance is a continuation of our ongoing efforts to achieve an optimal capital structure within an investment grade profile," said Tom Conforti, Chief Financial Officer, Wyndham Worldwide.
Banc of America Securities LLC, Deutsche Bank Securities, Inc., J.P. Morgan Securities LLC and RBS Securities Inc. are acting as joint book-running managers for the notes offering.
Interested parties may obtain a written prospectus for the notes offering from any of Banc of America Securities LLC, 100 West 33rd Street, New York, New York, 10001, Attention: Prospectus Department, telephone toll-free at 1-800-294-1322; Deutsche Bank Securities Inc., 100 Plaza One, Floor 2, Jersey City, New Jersey 07311-3901, telephone toll-free at 1-800-503-4611 or email at prospectusrequest@list.db.com; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York, 10179, Attention: High Grade Syndicate Desk, 3rd Floor, telephone collect at 1-212-834-4533; or RBS Securities Inc., 600 Washington Blvd., Stamford, Connecticut, 06901, Attention: Debt Capital Markets Syndicate, telephone toll-free at 1-866-884-2071.
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