Wyndham Worldwide Corp. said it completed a term securitization transaction involving the issuance of $350 million of investment-grade ABS notes called Sierra Timeshare 2010-2 Receivables Funding.

The deal comprised $286 million of single-A rated and $64 million of triple-B rated vacation ownership loan backed notes with coupons of 3.84% and 5.31% respectively. The advance rate for this transaction was 83.25%.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.