DALLAS— Starting the process last September, Wyndham International has now reached an agreement with its lenders to amend its senior credit facilities for the remaining term of the loans. Total debt covered by the facility as of Dec. 31, 2001 includes $1.28 billion in Term B loans maturing in June 2006; $482 million in increasing rate loans; and a revolver with capacity of $500 million both maturing in June 2004. The amendment’s terms include mortgage collateral for certain properties that were previously unencumbered. “We are very pleased with the support of our banking syndicate in approving the amendment well in advance of the waiver expiration date, said Wyndham’s Chairman/CEO Fred Kleisner. “The amendment provides Wyndham with a permanent solution for the duration of the facilities, enabling us to stay focused on our strategic plan. Wyndham, which owns, leases, manages and franchises hotels and resorts in North America, the Caribbean and Europe, continues to generate positive cash flow from its hotel operations, according to the company.
