09:11 AM EDT, 05/28/2024 (MT Newswires) -- Wyndham Hotels & Resorts ( WH ) said Tuesday it has repriced its $1.1 billion senior secured term loan B facility due May 2030.

The company anticipates interest expense savings of about $6 million a year with the repricing of term loan B facility.

Net proceeds will be used for general corporate purposes, including the repayment of outstanding balances of its revolving credit line.

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