Kaye Scholer represented Bank of America, N.A., as administrative agent, JPMorgan Chase Bank, N.A., as syndication agent and J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint lead arrangers, in a $1.5 billion revolving multicurrency credit facility extended to Wyndham Worldwide Corporation, one of the world’s largest hospitality companies.
This agreement replaces Wyndham’s existing $1 billion revolving credit facility that was set to expire in 2016. Kaye Scholer also advised Bank of America Merrill Lynch and J.P. Morgan on that facility in July 2011.
The firm’s deal team included Ed Gabbay (Partner, New York) and Debra Schaumberger (Counsel, New York).
Bank of America Merrill Lynch and J.P. Morgan have looked to Kaye Scholer in other high-profile syndicated finance transactions, including the closing of a $3.25 billion credit facility for ERP Operating Limited Partnership, the multifamily residential property business of Equity Residential earlier this year.
Kaye Scholer’s Syndicated and Leveraged Finance Practice counts among its clients major financial institutions and borrowers worldwide. We represent our clients in a broad array of transactions, ranging from the most intricate and complex financings to more traditional transactions. Our lawyers are involved in all aspects of structuring, negotiating and documenting matters for our clients and we collaborate with lawyers throughout the firm to address the corporate, securities, tax and other issues that arise in these transactions.
