trending Market Intelligence /marketintelligence/en/news-insights/trending/JDiocBJivqNT_oJEinCuRQ2 content esgSubNav
In This List

Wyndham unit lands variable funding note purchase facility

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

Shore Capital is Now Available in S&P Global’s Aftermarket Research Collection

Video

S&P Capital IQ Pro | Powered by Advanced Visualization

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


Wyndham unit lands variable funding note purchase facility

A Wyndham Worldwide Corp. unit entered into a facility allowing it to issue up to $750 million of timeshare loan-backed variable funding notes from time to time.

The facility, which offers a 15-month commitment period followed by a 12-month amortization period, carries interest based on variable commercial paper rates or the London Interbank Offered Rate, plus a spread.

Wyndham Consumer Finance Inc. is the servicer, Wells Fargo Bank NA is the trustee and U.S. Bank NA is the collateral agent.