Facebook Twitter LinkedIn Google Plus RSS

Wyndham announces closing of new credit facility

By ,

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.

More From This Industry

Write to the Editorial Department at editorial@njbiz.com

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy