Davis Polk & Wardwell advised Credit Suisse Securities (USA) LLC, J.P. Morgan Securities Inc., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. as joint book-running managers and representatives of the underwriters in connection with an SEC-registered offering by Wyndham Worldwide Corporation of $230 million principal amount of its 3.50% convertible notes due 2012. In connection with this offering, Wyndham entered into convertible note hedge and warrant transactions with affiliates of the underwriters.

Headquartered in Parsippany, New Jersey, Wyndham Worldwide is one of the world's largest hospitality companies, offering individual consumers and business-to-business customers a broad suite of hospitality products and services across various accommodation alternatives and price ranges through its premier portfolio of world-renowned brands.

The Davis Polk corporate team included partner Richard A. Drucker and associates John T. Rudy, Yan Zhang, Wendy Chong (not yet admitted), and Robby Sen. Partner James T. Rothwell and associate Marcel Fausten provided advice with respect to the convertible note hedge and warrant transactions. The tax team included partner Michael Farber and associates Craig A. Phillips and Matthew Kohley (not yet admitted). James H. McCormick was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.