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Wyndham Destinations prices $350M senior notes offering

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Wyndham Destinations prices $350M senior notes offering

Wyndham Destinations priced a $350 million private offering of its senior secured notes due March 1, 2030.

The notes will bear a 4.625% annual interest rate, payable semiannually every March 1 and Sept. 1, starting in 2020.

Net proceeds from the offering, set to be completed Dec. 13, will be used for general corporate purposes.