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WYNDHAM WORLDWIDE CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement

August 28, 2014

Item 1.01. Entry into a Material Definitive Agreement.



On August 28, 2014, Wyndham Worldwide Corporation renewed its securitized timeshare receivables conduit facility for an additional year, extending it through August 26, 2016. The facility bears interest based on variable commercial paper rates plus a spread or the LIBOR rate plus a spread and has a capacity of $650 million.

The renewal involved execution of a Fifth Amendment, dated as of August 28, 2014, to the Amended and Restated Indenture and Servicing Agreement, dated as of October 1, 2010, by and among Sierra Timeshare Conduit Receivables Funding II, LLC, as Issuer, Wyndham Consumer Finance, Inc., as Servicer, Wells Fargo Bank, National Association, as Trustee and U.S. Bank National Association, as Collateral Agent.

Certain of the participants in the facility, the Trustee and the Collateral Agent, and their respective affiliates, have performed and may in the future perform, various commercial banking, investment banking and other financial advisory services for us and our subsidiaries for which they have received, and will receive, customary fees and expenses.

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Source: Edgar Glimpses


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