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Wyndham issues $350M in notes

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Wyndham Worldwide Corporation announced Wednesday that it has completed a term securitization transaction, issuing $350 million in asset-backed notes.

The Parsippany-based hospitality company said in a news release that the notes were backed by vacation ownership loans and had a weighted average coupon of 2.12 percent.

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Eric Strauss

Eric Strauss

Eric Strauss is the digital content editor for NJBIZ. He has been a reporter and editor for newspapers in New Jersey and Pennsylvania, as well as for a number of websites. You can contact him at erics@njbiz.com or @acerimrat on Twitter.

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