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.

Investor Contact:

Alicia Swift
(973) 407-4669
alicia.swift@realogy.com

Media Contact:

Mark Panus
(973) 407-7215
mark.panus@realogy.com

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

The Joint Corp.
The Joint® Chiropractic is reinventing chiropractic care. Our vision is to become the largest, most respected provider of chiropractic services...
StretchLab
Founded in 2015, StretchLab was established in Los Angeles, California to fulfill the vision of creating an affordable assisted stretching concept...
School of Rock
With more than a decade of experience and over 170 schools throughout North and South America, Africa and Asia Pacific, School of Rock is the leader...
Kiddie Academy
Educational Child Care Franchise. Kiddie Academy is one of the nation's most respected providers of quality educational child care.
Coolgreens
Put down the burger, the pizza or the nachos. Those categories are saturated and it is next to impossible to find real estate.
Share This Page

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.