Wyndham Hotels & Resorts Enters Material Agreement

TL;DR

Wyndham Hotels just signed a big deal, filing an 8-K on 5/24. Financial obligations involved.

AI Summary

Wyndham Hotels & Resorts, Inc. entered into a Material Definitive Agreement on May 24, 2024, related to a financial obligation. The filing also includes Regulation FD Disclosure and Financial Statements and Exhibits. The company is incorporated in Delaware and headquartered in Parsippany, New Jersey.

Why It Matters

This filing indicates a significant new agreement for Wyndham Hotels & Resorts, potentially impacting its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent business risks.

Key Players & Entities

• Wyndham Hotels & Resorts, Inc. (company) — Registrant
• May 24, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• Parsippany, New Jersey (location) — Address of principal executive offices
• 973-753-6000 (phone_number) — Registrant's telephone number

FAQ

From the Filing

0001140361-24-027540.txt : 20240528 0001140361-24-027540.hdr.sgml : 20240528 20240528065307 ACCESSION NUMBER: 0001140361-24-027540 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240524 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240528 DATE AS OF CHANGE: 20240528 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WYNDHAM HOTELS & RESORTS, INC. CENTRAL INDEX KEY: 0001722684 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 823356232 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38432 FILM NUMBER: 24986233 BUSINESS ADDRESS: STREET 1: 22 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 BUSINESS PHONE: 973-753-7791 MAIL ADDRESS: STREET 1: 22 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 8-K 1 ef20029982_8k.htm 8-K false 0001722684 0001722684 2024-05-24 2024-05-24 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): May 24, 2024 Wyndham Hotels & Resorts, Inc. (Exact name of registrant as specified in charter) Delaware 001-38432 82-3356232 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 22 Sylvan Way Parsippany , New Jersey   07054 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code ( 973 ) 753-6000   None (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $0.01 per share   WH   NYSE Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐   Item 1.01. Entry into a Material Definitive Agreement.   Amendment to the Credit Agreement   On May 24, 2024 (the “ Closing Date ”), Wyndham Hotels & Resorts, Inc. (the “ Company ”) entered into a Fifth Amendment to the Credit Agreement dated May 30, 2018 (the “ Amendment ”), with Bank of America, N.A., as administrative agent, the several lenders from time to time party thereto, and the other parties thereto (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “ Credit Agreement ”).   Pursuant to the Amendment, the Company replaced all existing Term B Loans under the Credi