Wyndham Worldwide Corp (WYN.N) Key Developments | Reuters.com
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Wyndham Worldwide Corp (WYN.N)

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Latest Key Developments (Source: Significant Developments)

Wyndham Worldwide Corp reiterates FY 2016 revenue and EBITDA guidance; raises FY 2016 EPS guidance
Tuesday, 26 Apr 2016 06:30am EDT 

Wyndham Worldwide Corp:Says for FY 2016, the company reiterates the following guidance: - revenues of about $5.800 - $5.950 billion.Adjusted EBITDA of about $1.375 - $1.400 billion.Says for FY 2016, the company updates the following guidance: -- adjusted diluted EPS of about $5.61 - $5.75, up from $5.46 - $5.60.  Full Article

Wyndham Worldwide Corp gives FY 2016 guidance
Tuesday, 9 Feb 2016 06:31am EST 

Wyndham Worldwide Corp:Expects FY 2016 revenues of about $5.800 - $5.950 billion.Expects FY 2016 adjusted EBITDA of about $1.375 - $1.400 billion.Expects FY 2016 adjusted EPS of about $5.46 - $5.60.  Full Article

Wyndham Worldwide Corp settles U.S. FTC data breach charges - Reuters
Wednesday, 9 Dec 2015 02:26pm EST 

Wyndham Worldwide Corp:Wyndham Worldwide Corp has agreed to settle U.S. Federal Trade Commission charges that it failed to properly safeguard customer information, in a case arising from three data breaches affecting more than 619,000 customers - RTRS.Wednesday's settlement, which requires court approval, ends a case that was considered a test of FTC power to fill the void from Congress's failure to adopt wide-ranging legislation on data security - RTRS.A consent order outlining the settlement was filed with the federal court in Newark, New Jersey, 3-1/2 months after the 3rd U.S. Circuit Court of Appeals in Philadelphia said the FTC had authority to regulate corporate cyber security - RTRS.Under the order, Wyndham must establish a comprehensive information security program designed to protect cardholder data including payment card numbers, names and expiration dates, the FTC said - RTRS.Wyndham was not fined or required to admit wrongdoing, but will comply with a widely used industry standard to protect the safety of payment card information. The Parsippany, New Jersey-based company's obligations under the order last for 20 years. - RTRS.The FTC wanted to hold Wyndham accountable for breaches in 2008 and 2009 in which hackers broke into its computer system and stole credit card and other details from customers, leading to more than $10.6 million in fraudulent charges - RTRS.  Full Article

Wyndham Worldwide Corp declares cash dividend
Thursday, 12 Nov 2015 04:05pm EST 

Wyndham Worldwide Corp:Declared a cash dividend of $0.42 per share on its common stock.Payable December 15, 2015 to shareholders of record as of November 30, 2015.  Full Article

Wyndham Worldwide prices $350 mln senior unsecured notes
Thursday, 10 Sep 2015 06:08pm EDT 

Wyndham Worldwide:Prices $350 million of senior unsecured notes.Says pricing of the public offering of $350 million aggregate principal amount of its senior unsecured notes due 2025.Says notes will bear interest at the rate of 5.100% per year.Says the notes were offered to the public at a price of 99.966% of the principal amount.  Full Article

Wyndham Worldwide Corp reiterates FY 2015 revenue and EBITDA guidance; raises FY 2015 EPS guidance
Tuesday, 28 Jul 2015 06:30am EDT 

Wyndham Worldwide Corp:Reiterates FY 2015 revenue and EBITDA guidance.Expects FY 2015 revenues of about $5.450 - $5.550 billion and adjusted EBITDA of about $1.285 - $1.315 billion.Says guidance reflects a $38 million adverse impact from foreign exchange compared with FY 2014 results.Updates FY 2015 adjusted diluted EPS guidance.Expects FY 2015 adjusted diluted EPS of about $4.88 - $5.03, up from $4.81 - $4.96.FY 2015 revenue of $5.467 billion and EBITDA of $1.294 billion - Thomson Reuters I/B/E/S.FY 2015 EPS of $4.95 - Thomson Reuters I/B/E/S.  Full Article

Wyndham Worldwide Corp declares cash dividend
Thursday, 14 May 2015 04:05pm EDT 

Wyndham Worldwide Corp:Declares cash dividend of $0.42 per share.Payable June 12, to shareholders of record as of May 29.  Full Article

Wyndham Worldwide Corp reaffirms FY 2015 revenue and EBITDA guidance
Tuesday, 28 Apr 2015 06:30am EDT 

Wyndham Worldwide Corp:Reiterates FY 2015 revenues of about $5.450 - $5.550 billion.Reiterates FY 2015 Adjusted EBITDA of about $1.285 - $1.315 billion.Sees FY 2015 Adjusted diluted EPS of about $4.81 - $4.96 based on a diluted share count of 121.4 million, up from $4.75 - $4.90.  Full Article

Wyndham Worldwide Corp announces a new unsecured credit facility and completes a $350 million term securitization
Thursday, 26 Mar 2015 04:05pm EDT 

Wyndham Worldwide Corp:Closes of a new $1.5 bln revolving credit facility to replace its existing $1.5 bln facility, which had been scheduled to mature in July 2018.Maturity date of the new facility is July 2020.Company maintained its existing $750 mln U.S. and $500 million European commercial paper programs.There is no change to the company's overall corporate debt balance as a result of this transaction.J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as Joint Bookrunners for the new revolving credit facility.Bank of America, N.A. will be acting as administrative agent for the new revolving credit facility.In addition, the company completed a term securitization transaction involving the issuance of $350 million of asset-backed notes.Sierra Timeshare 2015-1 Receivables Funding LLC issued $276 million of A rated notes and $74 million of BBB rated notes.Notes were backed by vacation ownership loans and had coupons of 2.40 pct and 3.05 pct, respectively, for an overall weighted average coupon of 2.54 pct.Advance rate for this transaction was 90 pct.  Full Article

Wyndham Worldwide Corp declares cash dividend
Thursday, 26 Feb 2015 03:00pm EST 

Wyndham Worldwide Corp:Declares a cash dividend of $0.42 per share on its common stock.Payable on March 27 to shareholders of record as of March 13.  Full Article

BRIEF-Wyndham Hotel Group unveils strategic global transformation across 16 brands

* Unveils strategic global transformation across 16 brands; investing in upgrading backend technology, new perks and partnerships Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)