WYN » Topics » Premium Yield Facility

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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