Realogy Announces Intention to Refinance Its Senior Secured Credit Facility
PARSIPPANY, NJ - (Marketwire - Feb 12, 2013) - Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services, announced today its intention to refinance its senior secured credit facility.
Subject to market conditions, Realogy is seeking to refinance its $1.822 billion extended term loan facility and increase its revolving credit facility to up to $600 million from $363 million while extending the maturities beyond their current October 2016 and April 2016 maturity dates, respectively.
Realogy anticipates that the transaction will be completed in February 2013. However, there can be no assurance that Realogy will be able to complete the transaction, which is subject to market and other customary conditions.
About Realogy Holdings Corp.
Realogy Holdings Corp. (NYSE: RLGY) is a global leader in residential real estate franchising with company-owned residential real estate brokerage operations doing business under its franchise systems as well as 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 13,500 offices with 239,500 independent sales associates doing business in 103 countries around the world. Realogy is headquartered in Parsippany, N.J.
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