Wyndham Worldwide Completes $275 Million Term Securitization

         Wyndham Worldwide Completes $275 Million Term Securitization

PR Newswire

PARSIPPANY, N.J., Nov. 2, 2012

PARSIPPANY, N.J., Nov. 2, 2012 /PRNewswire/ -- Wyndham Worldwide Corporation
(NYSE: WYN) today announced that it has completed a term securitization
transaction involving the issuance of $275 million of asset-backed notes.
Sierra Timeshare 2012-3 Receivables Funding LLC issued $209 million of A rated
notes and $66 million of BBB rated notes. The notes were backed by vacation
ownership loans and had coupons of 1.87% and 2.66%, respectively, for an
overall weighted average coupon of 2.06%. The advance rate for this
transaction was 89%.

Sierra Timeshare 2012-3 Receivables Funding LLC is an indirect subsidiary of
Wyndham Vacation Ownership. The transaction was completed in reliance upon
Rule 144A and Regulation S as a placement of securities not registered under
the Securities Act of 1933, as amended, or any state securities law. All of
such securities having been sold, this announcement of their sale appears as a
matter of record only.

About Wyndham Worldwide Corporation
One of the world's largest hospitality companies, Wyndham Worldwide (NYSE:
WYN) provides a wide range of hospitality products and services through its
global portfolio of world-renowned brands. The world's largest hotel company
based on the number of properties, Wyndham Hotel Group is home to many of the
world's best-known hotel brands, with approximately 7,260 franchised hotels
and 618,100 hotel rooms worldwide. Wyndham Exchange & Rentals is the worldwide
leader in vacation exchange and the world's largest professionally managed
vacation rentals business, providing more than 5 million leisure-bound
families annually with access to approximately 100,000 vacation properties in
100 countries through its prominent exchange and vacation rental brands. The
industry and timeshare ownership market leader, Wyndham Vacation Ownership
develops, markets, and sells vacation ownership interests and provides
consumer financing to owners through its network of over 180 vacation
ownership resorts serving more than 915,000 owners throughout the United
States, Canada, Mexico, the Caribbean, and the South Pacific. Based in
Parsippany, NJ, Wyndham Worldwide employs approximately 27,800 associates
globally. For more information, please visit www.wyndhamworldwide.com. 







SOURCE Wyndham Worldwide Corporation

Website: http://www.wyndhamworldwide.com
Contact: Equity Investor and Media Contact: Margo C. Happer, Senior Vice
President, Investor Relations, Wyndham Worldwide Corporation, +1-973-753-6472,
Margo.Happer@wyn.com, or Debt Investor Contact: Tom Edwards, Executive Vice
President and Treasurer, Wyndham Worldwide Corporation, +1-973-753-6887,
Tom.Edwards@wyn.com
 
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