{"id":11992,"date":"2017-01-23T13:47:00","date_gmt":"2017-01-23T18:47:00","guid":{"rendered":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/realogy-completes-repricing-of-its-approximately-1-1-billion-term-loan-b-facility-and-increases-revolver-capacity-to-1-050-billion\/"},"modified":"2017-01-23T13:47:00","modified_gmt":"2017-01-23T18:47:00","slug":"realogy-completes-repricing-of-its-approximately-1-1-billion-term-loan-b-facility-and-increases-revolver-capacity-to-1-050-billion","status":"publish","type":"post","link":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/realogy-completes-repricing-of-its-approximately-1-1-billion-term-loan-b-facility-and-increases-revolver-capacity-to-1-050-billion\/","title":{"rendered":"Realogy Completes Repricing Of Its Approximately $1.1 Billion Term Loan B Facility And Increases Revolver Capacity To $1.050 Billion"},"content":{"rendered":"
\n

MADISON, N.J.<\/span>, Jan. 23, 2017<\/span> \/PRNewswire\/ — Realogy Holdings Corp. (NYSE: RLGY) today announced that it has completed the repricing of its existing approximately $1.1 billion<\/span> Term Loan B under its Senior Secured Credit Facility through a refinancing of the existing term loan with a new term loan. In conjunction, the Company also increased the borrowing capacity of its Revolving Credit Facility to $1.050 billion<\/span>, from the existing $815 million<\/span> capacity. <\/p>\n

The interest rate under the new Term Loan B is 75 basis points lower than the rate under the previous term loan, and Realogy expects to reduce its annual cash interest expense to approximately $165 million<\/span>.<\/p>\n

The interest rate with respect to the new term loan is adjusted LIBOR plus a 2.25% margin (with a floor of 0.75%) or ABR plus 1.25% (with an ABR floor of 1.75%), representing a 75 basis point reduction in the margin with the floor unchanged. The maturity date for the new term loan remains July 20, 2022<\/span>, and all other material provisions under the senior secured credit agreement remain unchanged. <\/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 13,650 offices with more than 268,000 independent sales associates conducting business in 111 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

Investor Contacts:
<\/b>Alicia Swift<\/span>
(973) 407-4669
alicia.swift@realogy.com<\/a>   <\/p>\n

Jennifer Halchak<\/span>
(973) 407-7487
jennifer.halchak@realogy.com<\/a><\/p>\n

Media Contact:
<\/b>Mark Panus<\/span>
(973) 407-7215
mark.panus@realogy.com<\/a>  <\/p>\n

\n<\/div>\n

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

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

MADISON, N.J., Jan. 23, 2017 \/PRNewswire\/ — Realogy Holdings Corp. (NYSE: RLGY) today announced that it has completed the repricing of its existing approximately $1.1 billion Term Loan B under its Senior Secured Credit Facility through a refinancing of the existing term loan with a new term loan. In conjunction, the Company also increased the borrowing […]<\/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-11992","post","type-post","status-publish","format-standard","hentry","category-financial"],"_links":{"self":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11992","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=11992"}],"version-history":[{"count":0,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11992\/revisions"}],"wp:attachment":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/media?parent=11992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/categories?post=11992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/tags?post=11992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}