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Wyndham Worldwide Corp (WYN.N)

WYN.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Wyndham Worldwide Says Unit Renewed Its Securitized Timeshare Receivables Conduit Facility
Friday, 6 Apr 2018 05:39pm EDT 

April 6 (Reuters) - Wyndham Worldwide Corp ::WYNDHAM WORLDWIDE - SIERRA TIMESHARE CONDUIT RECEIVABLES FUNDING II, LLC, UNIT OF CO, RENEWED ITS SECURITIZED TIMESHARE RECEIVABLES CONDUIT FACILITY.WYNDHAM WORLDWIDE - RENEWAL EXTENDS END OF COMMITMENT PERIOD FROM AUGUST 23, 2018 TO APRIL 6, 2020 & INCREASES ITS CAPACITY TO $800 MLN - SEC FILING.  Full Article

Wyndham Worldwide Says Priced Previously Announced Private Placement Offering Of $500 Mln Amount Of Senior Unsecured Notes Due 2026
Thursday, 29 Mar 2018 05:16pm EDT 

March 29 (Reuters) - Wyndham Worldwide Corp ::WYNDHAM WORLDWIDE SAYS PRICED PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT OFFERING OF $500 MILLION AMOUNT OF SENIOR UNSECURED NOTES DUE 2026 - SEC FILING.WYNDHAM WORLDWIDE CORP - NOTES WILL BEAR INTEREST AT A RATE OF 5.375% PER YEAR AND WILL MATURE ON APRIL 15, 2026.  Full Article

Wyndham Worldwide Corp Files For Potential Mixed Shelf Offering
Thursday, 22 Mar 2018 05:36pm EDT 

March 22 (Reuters) - Wyndham Worldwide Corp ::WYNDHAM WORLDWIDE CORP FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED- SEC FILING‍​.  Full Article

Wyndham Worldwide Announces Filing Of Form 10 Registration Statement For Planned Spin-Off Of Its Hotel Group Segment
Monday, 19 Mar 2018 08:03am EDT 

March 19 (Reuters) - Wyndham Worldwide Corp ::WYNDHAM WORLDWIDE ANNOUNCES FILING OF FORM 10 REGISTRATION STATEMENT FOR PLANNED SPIN-OFF OF ITS HOTEL GROUP SEGMENT.WYNDHAM WORLDWIDE CORP SAYS EXPECTS SPIN-OFF TRANSACTION TO BE TAX-FREE TO ITSELF AND SHAREHOLDERS.WYNDHAM WORLDWIDE CORP SAYS SEPARATION WILL NOT REQUIRE SHAREHOLDER VOTE AND IS EXPECTED TO BE COMPLETED IN Q2 OF 2018.WYNDHAM WORLDWIDE CORP SAYS FOLLOWING CONSUMMATION OF SPIN-OFF, WYNDHAM WORLDWIDE IS EXPECTED TO BE KNOWN AS WYNDHAM DESTINATIONS INC.  Full Article

Wyndham Worldwide To Sell Its European Vacation Rental Business To Platinum Equity For About $1.3 Bln
Thursday, 15 Feb 2018 06:34am EST 

Feb 15 (Reuters) - Wyndham Worldwide Corp ::WYNDHAM WORLDWIDE ANNOUNCES AGREEMENT TO SELL ITS EUROPEAN VACATION RENTAL BUSINESS TO PLATINUM EQUITY.WYNDHAM WORLDWIDE CORP - DEAL FOR APPROXIMATELY $1.3 BILLION..WYNDHAM WORLDWIDE - PLANNED SPIN-OFF OF WYNDHAM HOTEL GROUP REMAINS ON TRACK FOR EXPECTED DISTRIBUTION IN Q2 2018.WYNDHAM WORLDWIDE CORP - ESTIMATES TAX OBLIGATIONS ASSOCIATED WITH SALE OF EUROPEAN RENTAL BRANDS WILL BE LESS THAN 15% OF PROCEEDS.  Full Article

Wyndham Worldwide Q4 Earnings Per Share $4.54
Wednesday, 14 Feb 2018 06:30am EST 

Feb 14 (Reuters) - Wyndham Worldwide Corp ::WYNDHAM WORLDWIDE REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $1.49 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE $4.54 FROM CONTINUING OPERATIONS.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $6.90 TO $7.05 FROM CONTINUING OPERATIONS.SEES FY 2018 REVENUE $5.26 BILLION TO $5.4 BILLION.Q4 REVENUE ROSE 4 PERCENT TO $1.2 BILLION.‍Q4 DOMESTIC REVPAR INCREASED 4.5% COMPARED WITH Q4 2016 FOR HOTEL GROUP​.RAISES QUARTERLY CASH DIVIDEND 14 PERCENT TO $0.66PER SHARE.SEES 2018 REVENUES OF $5.26 BILLION TO $5.40 BILLION, AN INCREASE OF 4% TO 6%.SEES 2018 ADJUSTED DILUTED EPS FROM CONTINUING OPERATIONS OF $6.90 TO $7.05.IN CONSTANT CURRENCY, GLOBAL REVPAR FOR HOTEL GROUP INCREASED 4.6 PERCENT.‍ESTIMATES THAT Q3 HURRICANES REDUCED Q4 REVENUES, NET INCOME AND EBITDA BY $15 MILLION, $10 MILLION, AND $16 MILLION, RESPECTIVELY​.Q4 EARNINGS PER SHARE VIEW $1.35, REVENUE VIEW $1.39 BILLION -- THOMSON REUTERS I/B/E/S.WYNDHAM WORLDWIDE - Q4 NET INCOME FROM CONTINUING OPERATIONS IMPACTED BY $426 MILLION OR $4.18 PER SHARE OF TAX BENEFIT RECORDED PRIMARILY DUE TO TAX REFORM.FY2018 EARNINGS PER SHARE VIEW $7.10, REVENUE VIEW $6.11 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Wyndham Worldwide Reports Q4 EPS Of $4.54 From Cont Ops
Wednesday, 14 Feb 2018 06:30am EST 

Feb 14 (Reuters) - Wyndham Worldwide Corp ::WYNDHAM WORLDWIDE REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $1.49 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE $4.54 FROM CONTINUING OPERATIONS.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $6.90 TO $7.05 FROM CONTINUING OPERATIONS.SEES FY 2018 REVENUE $5.26 BILLION TO $5.4 BILLION.Q4 REVENUE ROSE 4 PERCENT TO $1.2 BILLION.‍Q4 DOMESTIC REVPAR INCREASED 4.5% COMPARED WITH Q4 2016 FOR HOTEL GROUP​.RAISES QUARTERLY CASH DIVIDEND 14 PERCENT TO $0.66PER SHARE.SEES 2018 REVENUES OF $5.26 BILLION TO $5.40 BILLION, AN INCREASE OF 4% TO 6%.SEES 2018 ADJUSTED DILUTED EPS FROM CONTINUING OPERATIONS OF $6.90 TO $7.05.‍ESTIMATES THAT Q3 HURRICANES REDUCED Q4 REVENUES, NET INCOME AND EBITDA BY $15 MILLION, $10 MILLION, AND $16 MILLION, RESPECTIVELY​.Q4 EARNINGS PER SHARE VIEW $1.35, REVENUE VIEW $1.39 BILLION -- THOMSON REUTERS I/B/E/S.WYNDHAM WORLDWIDE - Q4 NET INCOME FROM CONTINUING OPERATIONS IMPACTED BY $426 MILLION OR $4.18 PER SHARE OF TAX BENEFIT RECORDED PRIMARILY DUE TO TAX REFORM.FY2018 EARNINGS PER SHARE VIEW $7.10, REVENUE VIEW $6.11 BILLION -- THOMSON REUTERS I/B/E/S.WYNDHAM WORLDWIDE - Q4 HOTEL GROUP GLOBAL REVPAR ROSE 4.6 PERCENT IN CONSTANT CURRENCY.  Full Article

Wyndham Worldwide, La Quinta Announce Acquisition Agreement
Thursday, 18 Jan 2018 06:30am EST 

Jan 18 (Reuters) - Wyndham Worldwide Corp ::WYNDHAM WORLDWIDE AND LA QUINTA HOLDINGS ANNOUNCE ACQUISITION AGREEMENT.WYNDHAM WORLDWIDE CORP - DEAL FOR $1.95 BILLION IN CASH..WYNDHAM WORLDWIDE - WYNDHAM WORLDWIDE WILL ACQUIRE LA QUINTA'S HOTEL FRANCHISE AND HOTEL MANAGEMENT BUSINESSES.WYNDHAM WORLDWIDE CORP - UNDER TERMS OF AGREEMENT, STOCKHOLDERS OF LA QUINTA WILL RECEIVE $8.40 PER SHARE IN CASH.WYNDHAM WORLDWIDE CORP - UNDER TERMS OF AGREEMENT, CO WILL ALSO REPAY ABOUT $715 MILLION OF LA QUINTA DEBT NET OF CASH.WYNDHAM WORLDWIDE CORP - DEAL HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES.WYNDHAM WORLDWIDE - IMMEDIATELY PRIOR TO SALE OF LA QUINTA TO CO, LA QUINTA WILL SPIN OFF ITS OWNED REAL ESTATE ASSETS INTO PUBLICLY-TRADED REIT.WYNDHAM WORLDWIDE - PLANNED SPIN-OFF OF WYNDHAM HOTEL GROUP REMAINS ON TRACK FOR EXPECTED DISTRIBUTION IN Q2 2018.WYNDHAM WORLDWIDE CORP - WYNDHAM WORLDWIDE'S PLANNED SPIN-OFF OF WYNDHAM HOTEL GROUP REMAINS ON TRACK FOR AN EXPECTED DISTRIBUTION IN Q2 OF 2018.WYNDHAM WORLDWIDE - SET ASIDE RESERVE OF $240 MILLION FOR ESTIMATED TAXES EXPECTED TO BE INCURRED DUE TO SPIN-OFF OF LA QUINTA'S OWNED REAL ESTATE ASSETS.  Full Article

La Quinta Names Keith Cline President And CEO Of Corepoint Lodging
Thursday, 18 Jan 2018 06:30am EST 

Jan 18 (Reuters) - La Quinta Holdings Inc ::LA QUINTA HOLDINGS NAMES KEITH A. CLINE PRESIDENT AND CEO OF COREPOINT LODGING INC..LA QUINTA HOLDINGS - FORMAL SEARCH IS ONGOING FOR OTHER EXECUTIVE OFFICERS OF COREPOINT.  Full Article

Wyndham’s European vacation rental sale could get bids of over $1 bln - WSJ
Tuesday, 5 Dec 2017 08:35am EST 

Dec 5 (Reuters) - :WYNDHAM’S EUROPEAN VACATION RENTAL SALE COULD GET BIDS OF OVER $1 BILLION - WSJ, CITING SOURCES.BLACKSTONE GROUP AND CVC CAPITAL PARTNERS ARE AMONG THOSE CONSIDERING MAKING OFFERS FOR WYNDHAM'S EUROPEAN VACATIONS RENTALS UNIT - WSJ.  Full Article

Deals of the day-Mergers and acquisitions

April 17 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: