Press Release: Wyndham International, Inc.
June 10, 2002
DALLAS, TX -- Wyndham International, Inc. (NYSE:WYN) Friday announced it would not proceed with the issuance of
senior secured notes as previously announced on May 17, 2002.
"We found the market conditions not deep enough to issue the notes on terms that made sense to the Company
and its shareholders," stated Wyndham International Chairman and Chief Executive Officer Fred J. Kleisner.
"We appreciate the hard work of the underwriters and potential investors, but since the Company does not have
any bank debt maturities until June 30, 2004 we feel it prudent to evaluate the market later and continue to execute
our strategic plan."
Wyndham International, Inc. (NYSE:WYN) offers upscale and luxury hotel and resort accommodations through proprietary
lodging brands and a management services division. Based in Dallas, Wyndham International owns, leases, manages
and franchises hotels and resorts in the United States, Canada, Mexico, the Caribbean and Europe. For more information,
visit www.wyndham.com. For reservations, call 800-Wyndham.
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Contact:
Wyndham International, Inc., Dallas
Analyst Inquiries:
Elizabeth Williams, 214/863-1389
ewilliams@wyndham.com
or
Media Inquiries:
Andrew Jordan, 214/863-1360
ajordan@wyndyham.com