Wyndham Hotels & Resorts Inc

NYSE:WHUnited States

May 28, 2024

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• Wyndham Hotels & Resorts Reprices $1.1 Billion Senior Loan B Facility Due 2030, from 9:11AM ET on Tuesday May 28, 2024 by MT Newswires

  9:11AM ET on Tuesday May 28, 2024 by MT Newswires
  Companies Mentioned: WH
  09:11 AM EDT, 05/28/2024 (MT Newswires) -- Wyndham Hotels & Resorts (WH) said Tuesday it has repriced its $1.1 billion senior secured term loan B facility due May 2030. The company anticipates interest expense savings of about $6 million a year wit...

• WYNDHAM HOTELS & RESORTS COMPLETES SUCCESSFUL DEBT REPRICING AND UPSIZING, from 6:30AM ET on Tuesday May 28, 2024 by PR Newswire

  6:30AM ET on Tuesday May 28, 2024 by PR Newswire
  Companies Mentioned: WH

  Wyndham Hotels & Resorts, Inc.(NYSE:WH) (the "Company") today announced that it successfully completed the repricing of its existing $1.1 billion Senior Secured Term Loan B Facility due May 2030 (the "Term Loan B"). The Term Loan B garnered significant investor demand, resulting in an upsize of $400 million while in market and an attractive interest rate of Secured Overnight Financing Rate ("SOFR") plus 1.75%, which represents a 60 basis point reduction, at an issue price of 99.875% - the tightest priced new money raise in the entire SOFR era. The repricing on the existing $1.1 billion Term Loan B is expected to result in annual interest expense savings of approximately $6 million. There is no change to the Company's maturities or covenants from the repricing on the now combined $1.5 billion dollar facility.

• Press Release: WYNDHAM HOTELS & RESORTS COMPLETES SUCCESSFUL DEBT REPRICING AND UPSIZING, from 6:30AM ET on Tuesday May 28, 2024 by Dow Jones

  6:30AM ET on Tuesday May 28, 2024 by Dow Jones
  Companies Mentioned: WH
  
  WYNDHAM HOTELS & RESORTS COMPLETES SUCCESSFUL DEBT REPRICING AND UPSIZING
  
  PR Newswire
  
  PARSIPPANY, N.J., May 28, 2024
  
  PARSIPPANY, N.J., May 28, 2024 /PRNewswire/ -- Wyndham Hotels & Resorts, Inc. (NYSE: WH) (the "Company") today announced that it successfully completed the repricing of its existing $1.1 billion Senior Secured Term Loan B Facility due May 2030 (the "Term Loan B"). The Term Loan B garnered significant investor demand, resulting in an upsize of $400 million while in market and an attractive interest rate of Secured Overnight Financing Rate ("SOFR") plus 1.75%, which represents a 60 basis point reduction, at an issue price of 99.875% - the tightest priced new money raise in the entire SOFR era. The repricing on the existing $1.1 billion Term Loan B is expected to result in annual interest expense savings of approximately $6 million. There is no change to the Company's maturities or covenants from the repricing on the now combined $1.5 billion dollar facility.
  

• WYNDHAM HOTELS & RESORTS COMPLETES SUCCESSFUL DEBT REPRICING AND UPSIZING, from 6:30AM ET on Tuesday May 28, 2024 by Dow Jones

  6:30AM ET on Tuesday May 28, 2024 by Dow Jones
  Companies Mentioned: WH
  
  WYNDHAM HOTELS & RESORTS COMPLETES SUCCESSFUL DEBT REPRICING AND UPSIZING
  
  PR Newswire
  
  PARSIPPANY, N.J., May 28, 2024
  
  PARSIPPANY, N.J., May 28, 2024 /PRNewswire/ -- Wyndham Hotels & Resorts, Inc. (NYSE: WH) (the "Company") today announced that it successfully completed the repricing of its existing $1.1 billion Senior Secured Term Loan B Facility due May 2030 (the "Term Loan B"). The Term Loan B garnered significant investor demand, resulting in an upsize of $400 million while in market and an attractive interest rate of Secured Overnight Financing Rate ("SOFR") plus 1.75%, which represents a 60 basis point reduction, at an issue price of 99.875% - the tightest priced new money raise in the entire SOFR era. The repricing on the existing $1.1 billion Term Loan B is expected to result in annual interest expense savings of approximately $6 million. There is no change to the Company's maturities or covenants from the repricing on the now combined $1.5 billion dollar facility.