We advised the lead arranger and agent on the facilities

Davis Polk advised the lead arranger and bookrunner, and the administrative agent, in connection with an amendment of Wyndham Hotels & Resorts’ existing credit agreement to refinance its existing $750 million senior secured first-lien revolving credit facility and establish a new $400 million senior secured term “A” loan, the proceeds of which will be used to refinance existing debt and for general corporate purposes.

Wyndham Hotels & Resorts is the world’s largest hotel franchising company based on number of properties, with approximately 9,000 hotels across approximately 95 countries on six continents. It operates a portfolio of 22 hotel brands and is a leading provider of hotel management services.

The Davis Polk finance team included partner Jason Kyrwood, counsel Sanders Witkow and associate Matthew Vallade. All members of the Davis Polk team are based in the New York office.

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