{"id":11928,"date":"2016-07-20T12:56:00","date_gmt":"2016-07-20T16:56:00","guid":{"rendered":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/realogy-completes-refinancing-of-term-loan-b-and-extends-maturity-date-by-two-years\/"},"modified":"2016-07-20T12:56:00","modified_gmt":"2016-07-20T16:56:00","slug":"realogy-completes-refinancing-of-term-loan-b-and-extends-maturity-date-by-two-years","status":"publish","type":"post","link":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/realogy-completes-refinancing-of-term-loan-b-and-extends-maturity-date-by-two-years\/","title":{"rendered":"Realogy Completes Refinancing Of Term Loan B And Extends Maturity Date By Two Years"},"content":{"rendered":"
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MADISON, N.J.<\/span>, July 20, 2016<\/span> \/PRNewswire\/ — Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States<\/span>, today announced that it has completed the refinancing of its Term Loan B and extended its maturity date by two years to 2022.<\/p>\n

The Company refinanced its existing $1.863 million<\/span> Term Loan B due 2020 by entering into a new $1.1 billion<\/span> Term Loan B due July 2022. The new Term Loan B was issued at par and bears the same interest rate as the existing Term Loan B. Concurrently, the Company completed a new Term Loan A-1 tranche of $355 million<\/span> with a July 2021<\/span> maturity date under its existing Term Loan A facility and on terms substantially similar to its existing Term Loan A. <\/p>\n

Realogy used the net proceeds from the new Term Loan B and the new Term Loan A-1, borrowings of $225 million<\/span> under its existing revolving credit facility, and cash on hand, to repay the existing Term Loan B , the effect of which is to reduce Term Loan B borrowings by approximately $765 million to $1.1 billion<\/span>. <\/p>\n

"We are pleased to have accomplished our goal of reducing our Term Loan B borrowings at favorable market terms while at the same time smoothing out our debt maturity profile over the next seven years," said Anthony Hull<\/span>, Realogy’s executive vice president, chief financial officer and treasurer.  <\/p>\n

About Realogy Holdings Corp.<\/b>
Realogy Holdings Corp.<\/a> (NYSE: RLGY) is a global leader in residential real estate franchising and brokerage with many of the best-known industry brands including Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, The Corcoran Group®, ERA®, Sotheby’s International Realty® and ZipRealty®. Collectively, Realogy’s franchise system members operate approximately 13,600 offices with more than 257,200 independent sales associates conducting business in 110 countries and territories around the world. NRT LLC, Realogy’s company-owned real estate brokerage, is the largest residential brokerage company in the United States<\/span>, operates under several of Realogy’s brands and also provides related residential real estate services. Realogy also owns Cartus, a prominent worldwide provider of relocation services to corporate and affinity clients, Title Resource Group (TRG), a leading provider of title, settlement and underwriting services and ZapLabsSM<\/sup>, its innovation and technology development subsidiary. Realogy is headquartered in Madison, New Jersey<\/span>.<\/p>\n

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Investor Contacts: <\/b><\/span><\/p>\n<\/td>\n

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Jennifer Halchak<\/span><\/p>\n<\/td>\n

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Media Contact:<\/u><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n

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Alicia Swift <\/span><\/p>\n<\/td>\n

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(973) 407-7487<\/span><\/p>\n<\/td>\n

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Mark Panus<\/span><\/p>\n<\/td>\n<\/tr>\n

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(973) 407-4669 <\/span><\/p>\n<\/td>\n

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jennifer.halchak@realogy.com<\/a><\/span><\/p>\n<\/td>\n

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(973) 407-7215<\/span><\/p>\n<\/td>\n<\/tr>\n

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alicia.swift@realogy.com<\/a>   <\/span><\/p>\n<\/td>\n

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mark.panus@realogy.com<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

Logo –  http:\/\/photos.prnewswire.com\/prnh\/20140110\/NY44427LOGO<\/a><\/p>\n

SOURCE Realogy Holdings Corp.<\/p>\n<\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

MADISON, N.J., July 20, 2016 \/PRNewswire\/ — Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, today announced that it has completed the refinancing of its Term Loan B and extended its maturity date by two years to 2022. The Company refinanced its existing $1.863 million Term Loan […]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-11928","post","type-post","status-publish","format-standard","hentry","category-financial"],"_links":{"self":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/comments?post=11928"}],"version-history":[{"count":0,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11928\/revisions"}],"wp:attachment":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/media?parent=11928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/categories?post=11928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/tags?post=11928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}