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This excerpt taken from the WYN 10-K filed Mar 7, 2007. Premium
Yield Facility
On February 12, 2007, the Company closed a securitization
facility, Premium Yield Facility
2007-A, in
the amount of $155 million, which bears interest at LIBOR
plus 43 basis points and an additional bond insurance fee
and matures in February 2020. Proceeds from this facility were
used to pay down borrowings and for general corporate purposes.
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