Wyndham International was collecting signatures Wednesday for its recent draft of an amendment that would extend the maturity of its increasing rate loan. According to market players, the new draft will have the company's IRL mature a month before the June 2006 expiration date on its "B" loan. The market for the company's bank debt was stronger on the prospect that the amendment, and the extra incentives it provides, will be completed. The IRLs were quoted in the 83-84 1/2 context and the market for the "B" loan was 80 1/2 -81 1/2.
May 28, 2003