Wyndham Worldwide Corporation Announces Expiration and Final Results of Tender Offer (WYN)

Wyndham Worldwide Corporation WYN announced today the expiration and final results of its previously announced cash tender offer (the "Tender Offer") to purchase any and all of its outstanding 3.50% Convertible Notes due 2012 (the "Convertible Notes"). The Tender Offer expired at 12:00 midnight, New York City time, at the end of Wednesday, March 9, 2011 (the "Expiration Time").

As of the Expiration Time, $91,215,000 in aggregate principal amount of the Convertible Notes, representing approximately 78.8% of the aggregate principal amount outstanding of Convertible Notes, were validly tendered and not validly withdrawn. The Company has accepted for purchase all Convertible Notes that were validly tendered and not validly withdrawn.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!