Wyndham (WYN) Closes on New Credit Facility

Wyndham Worldwide Corporation (NYSE: WYN) announced today the closing of a new $1.5 billion revolving credit facility to replace its existing $1 billion facility, which had been scheduled to mature in July 2016. The maturity date of the new facility is July 2018. Simultaneously, the company upsized its existing commercial paper program by $250 million to $750 million. There is no change to the company's overall corporate debt balance as a result of this transaction.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• BofA maintains underperform ratings on six BDC stocks
• Why this strategist thinks longer-term outlook for stocks is "unfavorable"
• BofA says CTA Treasury shorts stable, euro short-cover risk rises