Group 1 - Wyndham Hotels & Resorts announced an offering of $650 million aggregate principal amount of Senior Notes due 2033 to repay outstanding borrowings and for general corporate purposes [1] - The Notes will be guaranteed by certain domestic restricted subsidiaries and will not be registered under the Securities Act, limiting their sale to qualified institutional buyers and certain non-U.S. persons [1] - Wyndham operates over 8,300 hotels across approximately 100 countries, making it the world's largest hotel franchising company by the number of franchised properties [1] Group 2 - The company has a portfolio of 25 hotel brands, including Super 8, Days Inn, and Ramada, and operates a loyalty program with over 122 million enrolled members [1] - The press release includes forward-looking statements regarding the Notes offering and the use of proceeds, highlighting potential risks and uncertainties that could affect future performance [1]
WYNDHAM HOTELS & RESORTS ANNOUNCES LAUNCH OF SENIOR NOTES OFFERING