Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
WYNDHAM HOTELS & RESORTS, INC. incurred term loan of $1,144,000,000 with Bank of America, N.A. at Term SOFR, inclusive of the SOFR Adjustment (defined as 0.10% per annum in the C maturing will mature on May 25, 2030.
- Instrument
- term loan
- Principal
- $1,144,000,000
- Counterparty
- Bank of America, N.A.
- Rate
- Term SOFR, inclusive of the SOFR Adjustment (defined as 0.10% per annum in the C
- Maturity
- will mature on May 25, 2030
- Event
- incurrence
Exact text from the filing
The Amendment, among other things, provides for a new tranche of term loans in an aggregate principal amount of $1,144,000,000 (the “ 2023 Term Loans ”), which was issued with an original issue discount of 99.5%.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
WYNDHAM HOTELS & RESORTS, INC. amended Fourth Amendment to the Credit Agreement dated May 30, 2018 with Bank of America, N.A. valued at New tranche of term loans in aggregate principal amount of $1,144,000,000, issued with original issu (effective 2023-05-25).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- New tranche of term loans in aggregate principal amount of $1,144,000,000, issued with original issu
- Effective
- 2023-05-25
Exact text from the filing
On May 25, 2023 (the “ Closing Date ”), Wyndham Hotels & Resorts, Inc. (the “ Company ”) entered into a Fourth Amendment to the Credit Agreement dated May 30, 2018 (the “ Amendment ”), with Bank of America, N.A., as administrative agent, the several lenders from time to time party thereto, and the other parties thereto (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “ Credit Agreement ”).
View on SEC.gov