Wyndham Worldwide Issues $225 Million Of Notes

May 29, 2009 in All News, Australia, Caribbean and Mexico, Group RCI, News By Region, USA and Canada, Wyndham Worldwide by Timeshare & Fractional News

Corp. said it has completed a term securitization transaction involving the issuance of $225 million of investment grade asset-backed notes by 2009-1 Receivables Funding LLC, an indirect subsidiary of Wyndham’s subsidiary.

The notes are backed by receivables originated by subsidiaries of Wyndham .

Parsippany, New Jersey-based is a hospitality firm with around 7,000 franchised hotels and around 588,500 hotel rooms worldwide. The company’s unit offers its 3.8 million members access to more than 73,000 vacation properties located in around 100 countries.

Wyndham develops, markets and sells interests and provides consumer financing to owners through its network of over 150 resorts in , the and the .

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