Wyndham $750 million six-year notes talked in 10¾% area, pricing Tuesday

By Paul A. Harris

St. Louis, Mo., May 31 - Price talk of a yield in the 10¾% area emerged Friday on Wyndham International, Inc.'s planned offering of $750 million senior secured notes due 2008 (Caa1/B-), according to a syndicate source.

The deal is expected to price Tuesday.

JP Morgan and Bear Stearns & Co. are joint bookrunners. Credit Lyonnais, Fleet Securities, Credit Suisse First Boston, Deutsche Bank Securities Inc., Banc of America Securities, Scotia Capital and SG Cowen are co-managers.

The Rule 144A notes are non-callable for three years.

The Dallas-based upscale lodging company will use proceeds to repay bank debt.

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