Wyndham Hotels plans $650 million senior notes offering due 2033

Wyndham Hotels & Resorts, Inc. (NYSE: WH) announced it intends to offer $650 million in aggregate principal amount of senior notes due 2033. The company plans to use net proceeds from the offering to repay outstanding borrowings under its term loan A and revolving credit facility, pay related fees and expenses, and fund general corporate purposes.

The notes will be guaranteed by certain domestic restricted subsidiaries that guarantee the company's outstanding credit facilities and existing notes. The securities have not been registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers under Rule 144A and to certain non-U.S. persons in offshore transactions under Regulation S.

Wyndham Hotels & Resorts operates as the world's largest hotel franchising company by number of franchised properties, with over 8,300 hotels across approximately 100 countries. The company manages a portfolio of 25 hotel brands and operates approximately 869,000 franchised and affiliated rooms.

The press release contained forward-looking statements regarding the notes offering and use of proceeds, noting that actual results may differ materially due to various risks including general economic conditions, hospitality industry performance, and franchising business operating risks.

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