Wyndham Hotels Extends and Expands Revolving Credit Facility to $1 Billion
Wyndham Hotels & Resorts, Inc. has entered into a Sixth Amendment to its existing Credit Agreement, originally dated May 30, 2018, with Bank of America, N.A. as administrative agent and a syndicate of lenders. The amendment extends the maturity date of the company's $750 million revolving credit facility from April 2027 to October 2030 and increases the total commitments under the facility to $1.0 billion. Under the amended terms, revolving credit loans will bear interest at either Term SOFR plus a margin (ranging from 1.75% down to 1.00% based on Wyndham's First Lien Leverage Ratio) or at a Base Rate plus a margin (from 0.75% down to 0.00%). The amendment also removes the credit spread adjustment previously applied to SOFR-based loans.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wyndham Hotels & Resorts Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-038557), on October 20, 2025, and is solely responsible for the information contained therein.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。