Realogy Announces Intention To Reprice Its $1.9 Billion Term Loan Facility
MADISON, N.J. - Feb. 26, 2014 // PRNewswire // - Realogy Holdings Corp. (NYSE: RLGY) today announced that, subject to market conditions, it is seeking to reprice the existing approximately $1.9 billion term loans under its senior secured credit facility to reflect the Company's improved credit profile.
Realogy anticipates that the transaction will be completed within the next two weeks. However, there can be no assurance that Realogy will be able to complete the transaction.
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 13,700 offices with 247,800 independent sales associates doing business in 103 countries around the world. Realogy is headquartered in Madison, N.J.
SOURCE Realogy Holdings Corp.