MADISON, N.J., Feb. 8, 2018 /PRNewswire/ — Realogy Holdings Corp. (NYSE: RLGY) today announced that it has completed the refinancing of its Senior Secured Credit Facilities and extended its maturity dates.
Specifically, the Company made the following changes:
- Upsized its Revolving Credit Facility by $350 million to a $1.4 billion total facility, and extended its maturity by three years to February 2023;
- Combined its existing two tranches of Term Loan A into a new single tranche of $750 million, and extended the current maturities to February 2023; and
- Extended the maturity of its approximately $1.1 billion Term Loan B by three years to February 2025.
About Realogy Holdings Corp.
Realogy Holdings Corp. (NYSE: RLGY) is a leading provider of residential real estate services that is focused on empowering independent sales agents to best serve today’s consumers. Realogy delivers its services through its well-known industry brands including Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, Sotheby’s International Realty® as well as NRT, Cartus, Title Resource Group and ZapLabs, an in-house innovation and technology development lab. Realogy’s fully integrated business model includes brokerage, franchising, relocation, mortgage and, title and settlement services. Realogy provides independent sales agents access to leading technology, best-in-class marketing and learning programs, and support services to help them become more productive and build stronger businesses. Realogy’s affiliated brokerages operate around the world with approximately 192,600 independent sales agents in the United States and approximately 94,000 independent sales agents in more than 100 other countries and territories. Realogy is headquartered in Madison, New Jersey.
Investor Contacts: |
Media Contact: |
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Alicia Swift |
Jennifer Halchak |
Mark Panus |
(973) 407-4669 |
(973) 407-7487 |
(973) 407-7215 |
SOURCE Realogy Holdings Corp.