New Issue-Wyndham Worldwide $250 mln in 5-yr snr notes

Wed May 13, 2009 10:45pm BST
[-] Text [+]
 May 13 (Reuters) - Wyndham Worldwide Corp (WYN.N: Quote, Profile, Research), the
world's biggest timeshare operator and franchiser of economy
and mid-tier priced hotels, on Wednesday sold $250 million in
five-year senior notes, said IFR, a Thomson Reuters service.
 Bank of America, Credit Suisse and JP Morgan were the
active bookrunners for the sale.
 Citigroup was the passive bookrunning manager.
BORROWER: WYNDHAM WORLDWIDE CORP
AMT $250 MLN       COUPON 9.875 PCT    MATURITY 5/1/2014  
TYPE SR NOTES      ISS PRICE 95.801    FIRST PAY 11/1/2009
MOODY'S Ba2        YIELD 11.00 PCT     SETTLEMENT 5/18/2009
S&P BBB-MINUS      SPREAD 902 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A           MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS*
* $101 COC PUT

 
 
WYN.N
Last:
Change:
Up/Down:
 
by Name by Symbol