The Company intends to use the net proceeds of this offer for general purposes, which may include the repayment of unpaid debts under its secured revolving credit facility, the future repayment of its secured obligations in March 2021 of 5.625%, and the payment of fees and related charges. Participants can listen to a simultaneous conference call webcast that can be viewed on the company`s website at investor.wyndhamdestinations.com or at 800-459-5346, WYND Pass Code, 10 minutes before the scheduled departure time. For those who can`t listen to the live broadcast, an archive of the Webcasts will be available on the company`s website for 90 days from 12:00 P.m HORLOGE AND July 30, 2020. In addition, a four-day telephone reading will be available from 12:00 p.m.m HORLOGE AND July 30, 2020 at 800-839-5204. This press release does not constitute an offer to sell, an invitation to buy or an offer to buy or sell securities. No offer, solicitation, purchase or sale is made in a country where such an offer, such a formal notice or a sale would be illegal. Any offer or request to purchase, if any, will only be made by a confidential offer memorandum. This press release does not constitute a communication on the repayment of unpaid debts under the Company`s secured revolving credit facility, nor is it a communication on the repayment of its secured bonds maturing in March 2021 for an amount of 5.625%. Please note that non-participation, non-compliance or non-compliance with the terms of the sale will result in a penalty for the total price of the package on your credit card.
PJT Partners acted as the company`s independent financial advisor in the modification of the credit facility. You are advised not to improperly rely on these forward-looking statements, which are made only as of the date of this press release. Factors that could lead to actual results being significantly different from those of forward-looking statements include, among other things, the potential impact of the COVID-19 pandemic and our related contingency plans, as well as reductions in costs and investments in our business, holiday property sales and travel and cash flows, general economic conditions , the performance of financial and credit markets. , access to liquidity, capital and financing resulting from COVID-19 and its conditions and costs, as well as business solvency, competition and economic environment for the part-time community of use, the effects of war, terrorist activities, political clashes, weather and other natural disasters, pandemics (including the COVID-19 pandemic) or pandemic risk , the operating risks associated with vacation ownership and holiday exchanges, realizing the expected benefits of the spin-off or sale of our North American and European holiday rentals or the acquisition of Alliance Reservations Network („RNA“), unexpected developments related to the impact of offshoring, the sale of our North American and European holiday rentals, the acquisition of RNA and related transactions , including the potential impact on our relationships with our customers. , suppliers, employees and others with whom we have relationships and possible disruptions to our business, our ability to implement our strategy, the timing and amount of dividends and future share repurchases, if any, and the Company`s Annual Report on Form 10-K, presented to the Securities and Exchange Commission (SEC) on February 26, 2020 , its quarterly report on Form 10-Q, which was submitted to the SEC on May 6, 2020, and subsequent periodic reports that were submitted to the SEC. The entity undertakes no commitment to publicly update or revise any forward-looking statements, whether on the basis of new information, future events or otherwise.