PARSIPPANY, NJ--(Marketwire - Jun 8, 2012) - Domus Holdings Corp., the parent of Realogy Corporation, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed primary initial public offering of shares of its Class A common stock. The number of shares to be offered and the price range for the proposed $1 billion offering have not yet been determined. The Company intends to use the net proceeds from the offering to repay outstanding indebtedness.
If the offering is consummated, all of Realogy's Convertible Notes in the aggregate principal amount of approximately $2.1 billion would be converted into Class A common stock or redeemed at 90% of the principal amount thereof on or about the closing of the offering, and holders of approximately $2 billion aggregate principal amount of such Convertible Notes have indicated that they intend to so convert. If the offering is consummated with net proceeds of $1 billion and at least $2 billion aggregate principal amount of the Convertible Notes are converted into Class A common stock, the Company expects its overall indebtedness would be reduced by approximately $3 billion. Domus Holdings Corp. does not conduct any operations other than with respect to its ownership of Realogy.
A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Realogy Corporation, a global provider of real estate and relocation services, has a diversified business model that includes real estate franchising, brokerage, relocation and title services. Realogy's brands and business units include Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, The Corcoran Group®, ERA®, Sotheby's International Realty®, NRT LLC, Cartus and Title Resource Group. Collectively, Realogy's franchise system members operate approximately 13,800 offices with 241,000 sales associates doing business in 103 countries and territories around the world. Headquartered in Parsippany, N.J., Realogy is owned by affiliates of Apollo Management, L.P., a subsidiary of Apollo Global Management, LLC, a leading global alternative asset manager.
The information in this release contains forward-looking information that involves substantial risks and uncertainties regarding the proposed initial public offering by Domus Holdings Corp. Such risks and uncertainties include, among other things, the possibility that the initial public offering will not be completed within a particular time frame or at a particular offering amount, or at all, including as a result of regulatory, market or other factors, or that the anticipated conversion of the Convertible Notes and/or any reduction of indebtedness will occur. Domus Holdings Corp. assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.