Wyndham Worldwide Completes $300 Million Term Securitization

By Eddie Staley
Benzinga Staff Writer
November 10, 2011 1:08 PM

Symbols: WYN

Wyndham Worldwide Corporation (NYSE: WYN) today announced that it has completed a term securitization transaction involving the issuance of $300 million of asset-backed notes. Sierra Timeshare 2011-3 Receivables Funding LLC issued $224 million of A rated notes, $46 million of BBB rated notes and $30 million of notes rated BB.

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Wyndham Worldwide Completes $300 Million Term Securitization

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