Wyndham to use proceeds of notes offering to repurchase convertibles

By Toni Weeks

San Diego, Feb. 23 - Wyndham Worldwide Corp. said it intends to use the net proceeds of a planned notes offering to reduce the company's debt, including the funding of a tender offer for any and all of its $115.78 million of 3.5% convertible notes due 2012, according to a 424B5 filing with the Securities and Exchange Commission on Wednesday.

Wyndham is a Parsippany, N.J.-based provider of hospitality products and services.

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