Wyndham International's bank debt continued to grow stronger last week with both the company's increasing-rate loan and its "B" piece reaching into the 90s context. Market players said there was nothing behind the consistent climb other than investor demand for loan paper. With the IRL trading in the 913/4-951/2 range and the "B" piece moving in the 90-91 context, the name is one loan that is still trading at a discount. Two months ago, the IRL was quoted in the 85-861/2 context and the "B" was at the 83-841/2 level, according to LoanX. Rick Smith, Wyndham's cfo, was traveling and could not be reached and a spokeswoman did not return calls.
Wyndham Runs Up On Investor Demands