Wyndham Hotels Extends and Expands Revolving Credit Facility to $1 Billion
Reuters
Oct 20, 2025
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.
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