Wyndham Hotels & Resorts, Inc. $500 Million Notes Offering
4/13/2018

Davis Polk advised the joint book-running managers on a Rule 144A / Regulation S offering by Wyndham Hotels & Resorts, Inc. of $500 million aggregate principal amount of 5.375% notes due 2026. The notes are initially guaranteed on a senior unsecured basis by Wyndham Worldwide Corporate and will be guaranteed on a senior unsecured basis by certain subsidiaries of Wyndham Hotels & Resorts, Inc.

Headquartered in Parsippany, New Jersey, Wyndham Hotels & Resorts, Inc. is the world’s largest hotel company based on number of affiliated hotels, with a global network of approximately 8,350 hotels and over 720,000 rooms in more than 75 countries. Wyndham Hotels & Resorts, Inc. is a wholly owned subsidiary of Wyndham Worldwide Corporation, one of the largest global hospitality companies. Wyndham Hotels & Resorts, Inc. will become an independent, publicly traded company following the completion of a previously announced planned spin-off from Wyndham Worldwide Corporation.

The Davis Polk corporate team included partner Derek Dostal and associate Brian Fox. Counsel David A. Zilberberg and associate Michael Comstock provided environmental advice. Counsel Ethan R. Goldman provided tax advice. Associate Jason J. Bang provided intellectual property and technology advice. Members of the Davis Polk team are based in the New York and Northern California offices.