Wyndham Worldwide Completes Renewal of South Pacific Lending Facility
June 30, 2009 // Franchising.com // Parsippany, N.J. — Wyndham Worldwide (NYSE:WYN) today announced that it closed on the renewal of the secured, revolving foreign credit facility for its South Pacific vacation ownership business. The 364–day facility bears interest based on a variable rate plus a spread and has capacity of approximately AUD 193 million.
About Wyndham Worldwide Corporation
As one of the world's largest hospitality companies, Wyndham Worldwide offers individual consumers and business–to–business customers a broad suite of hospitality products and services across various accommodation alternatives and price ranges through its premier portfolio of world–renowned brands. Wyndham Hotel Group encompasses almost 7,000 franchised hotels and approximately 588,500 hotel rooms worldwide. Group RCI offers its 3.8 million members access to more than 73,000 vacation properties located in approximately 100 countries. Wyndham Vacation Ownership develops, markets and sells vacation ownership interests and provides consumer financing to owners through its network of over 150 vacation ownership resorts serving over 830,000 owners throughout North America, the Caribbean and the South Pacific. Wyndham Worldwide, headquartered in Parsippany, N.J., employs approximately 25,500 employees globally.