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Wyndham Worldwide Prices $850 Million Of Senior Unsecured Notes

PARSIPPANY, N.J., Feb. 19, 2013 /PRNewswire/ -- Wyndham Worldwide Corporation (NYSE: WYN) (the "Company") announced today the pricing of the public offering of $450 million aggregate principal amount of its senior unsecured notes due March 1, 2018 (the "2018 notes") and $400 million aggregate principal amount of its senior unsecured notes due March 1, 2023 (the "2023 notes"). The senior unsecured notes offering is expected to close on February 22, 2013. The Company intends to use the aggregate net proceeds from the offering  (i) to repurchase any and all of the $250,000,000 aggregate principal amount of its outstanding 5.75% Notes due 2018 and the $250,000,000 aggregate principal amount of its outstanding 7.375% Notes due 2020 in a previously announced tender offer, (ii) for the planned redemption of all of its 9.875% senior unsecured notes due 2014, (iii) for the repayment, redemption, repurchase, defeasance or other retirement of other outstanding indebtedness, including commercial paper and debt outstanding under its revolving credit facility (including, in each case, borrowings incurred to fund purchases of its 6.00% senior unsecured notes due 2016 in open market purchases) and (iv) for general corporate purposes.

The 2018 notes will bear interest at the rate of 2.50% per year and the 2023 notes will bear interest at the rate of 3.90% per year. Interest will be payable semi-annually on March 1 and September 1 of each year, commencing September 1, 2013. The 2018 notes will mature on March 1, 2018 and the 2023 notes will mature on March 1, 2023. The 2018 notes were offered to the public at a price of 99.868% of the principal amount and the 2023 notes were offered to the public at a price of 99.826% of the principal amount.

J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce Fenner & Smith Incorporated, RBS Securities Inc. (with respect to the 2018 notes) and Credit Suisse Securities ( USA) LLC (with respect to the 2023 notes) are acting as joint book-running managers for the notes offering. Interested parties may obtain a written prospectus for the notes offering from any of J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, telephone at 1-212-834-4533; Merrill Lynch, Pierce Fenner & Smith Incorporated, 222 Broadway, 7th Floor, New York, NY 10038, Attention: Prospectus Department, or e-mail dg.prospectus_requests@baml.com; Deutsche Bank Securities Inc., 60 Wall Street, New York, NY 10005, Attention: Prospectus Group, telephone at 1-800-503-4611 or e-mail at prospectus.CPDG@db.com; RBS Securities Inc., 600 Washington Blvd, Stamford, CT06901, Attention: Debt Capital Markets Syndicate, telephone at 1-866-884-2071; or Credit Suisse Securities ( USA) LLC, Prospectus Department, One Madison Avenue, New York, New York 10010, telephone at 1-800-221-1037.

This news release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities. Any offer of the securities will be made only by means of a prospectus, forming a part of the effective registration statement, the applicable prospectus supplement and other related documents.

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