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Wyndham announces closing of new credit facility

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Parsippany-based Wyndham Worldwide Corp. announced Wednesday 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 said in an announcement it 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.

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