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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

 

 

Date of Report (Date of earliest event reported): August 10, 2020

 

Wyndham Hotels & Resorts,Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware
(State or other jurisdiction
of incorporation)
  001-38432
(Commission File Number)
  82-3356232
(IRS Employer
Identification No.)

 

22 Sylvan Way
Parsippany, NJ
(Address of principal executive offices)
 

 

07054
(Zip Code)

 

Registrant’s telephone number, including area code: (973) 753-6000

 

None

(Former name or former address,

if changed since last report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered
Common Stock, par value $0.01 per share   WH   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

 

Emerging growth company           ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

 

 

 

 

 

 

Item 7.01.Regulation FD Disclosure.

 

On August 10, 2020, Wyndham Hotels & Resorts, Inc. (the “Company”) issued a press release (“Offering Press Release”) to announce the launch of its offer to sell $350 million aggregate principal amount of senior unsecured notes due 2028 in a private offering (the “Offering”) to persons reasonably believed to be “qualified institutional buyers” in the United States, as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons outside the United States in offshore transactions pursuant to Regulation S under the Securities Act. The Company intends to use the net proceeds from the Offering, together with cash on hand, to repay $350 million of the borrowings outstanding under its revolving credit facility and to pay related fees and expenses. A copy of the Offering Press Release is included as Exhibit 99.1 hereto and is incorporated by reference herein.

 

In connection with the Offering, the Company is hereby furnishing certain information regarding its business, included in its confidential preliminary offering memorandum, dated as of August 10, 2020, that is being provided to investors in connection with the Offering. This information is included in Exhibit 99.2 hereto and is incorporated herein by reference.

 

The information set forth under this Item 7.01 of this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Item 9.01.Exhibits.

 

(d) Exhibits.

 

  99.1 Press Release of Wyndham Hotels & Resorts, Inc., dated August 10, 2020.
     
  99.2 Excerpts from confidential preliminary offering memorandum, dated as of August 10, 2020, in connection with the Offering.
     
  104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Wyndham Hotels & Resorts, Inc.
     
Date: August 10, 2020 By: /s/ Paul F. Cash
    Paul F. Cash
    General Counsel, Chief Compliance Officer and
    Corporate Secretary

 

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