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Wyndham Hotels & Resorts, Inc. (NYSE:WH) announced Monday that it has entered into a sixth amendment to its credit agreement, extending the maturity of its revolving credit facility and increasing available commitments. The information was disclosed in a statement filed with the Securities and Exchange Commission.
According to the filing, on October 16, Wyndham Hotels amended its existing credit agreement with Bank of America, N.A. and a group of lenders. The amendment extends the maturity date of the company’s $750 million revolving credit facility from April 2027 to October 2030. In addition, the total commitments under the facility have been increased to $1.0 billion.
The amended revolving credit facility will allow Wyndham Hotels to borrow at interest rates based on either Term SOFR or a base rate, with margins that may be reduced depending on the company’s most recently reported First Lien Leverage Ratio. Specifically, loans under the facility will bear interest at Term SOFR plus a margin starting at 1.75%, with potential reductions to as low as 1.00%. Alternatively, loans may be taken at a base rate plus a margin starting at 0.75%, which can decrease to 0.00% based on leverage. The amendment also removes the credit spread adjustment previously applicable to loans based on Term SOFR.
Wyndham Hotels & Resorts, Inc. is incorporated in Delaware and headquartered in Parsippany, New Jersey. The company’s common stock is traded on the New York Stock Exchange under the symbol WH.
This article is based on a statement filed with the Securities and Exchange Commission.
In other recent news, Wyndham Hotels & Resorts announced a 5% increase in adjusted EBITDA for the second quarter of 2025, bringing the total to $195 million. The company’s adjusted diluted earnings per share (EPS) rose by 11%, reaching $1.33. These developments highlight the company’s ongoing financial performance. Despite the positive earnings report, the stock saw a minor decline in premarket trading. This recent performance underscores the company’s efforts in maintaining growth. Investors may find these figures significant as they reflect the company’s financial health. These updates are part of Wyndham Hotels & Resorts’ recent developments in the market.
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