Wyndham Worldwide has secured a new revolving credit facility worth $1 billion. The new loan will replace the company’s existing $980 million facility, which was due to mature in October 2013.

The new loan will mature on July 15, 2016. The joint book-runners for the new revolving loan are JP Morgan Securities and Bank of America Merrill Lynch. The transaction did not affect the New Jersey-headquartered hospitality company’s overall corporate debt balance.

Click here for the release from PR Newswire.