{"id":12018,"date":"2021-09-17T12:00:00","date_gmt":"2021-09-17T16:00:00","guid":{"rendered":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/realogy-continues-deleveraging-with-term-loan-repayments\/"},"modified":"2021-09-17T12:00:00","modified_gmt":"2021-09-17T16:00:00","slug":"realogy-continues-deleveraging-with-term-loan-repayments","status":"publish","type":"post","link":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/realogy-continues-deleveraging-with-term-loan-repayments\/","title":{"rendered":"Realogy Continues Deleveraging with Term Loan Repayments"},"content":{"rendered":"<style type=\"text\/css\">\n<p>\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}<\/p>\n<\/style>\n<p><span class=\"xn-location\">MADISON, N.J.<\/span>, <span class=\"xn-chron\">Sept. 17, 2021<\/span> \/PRNewswire\/ &#8212; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293618-1&amp;h=1466276970&amp;u=https%3A%2F%2Fwww.realogy.com%2F&amp;a=Realogy+Holdings+Corp.\" rel=\"nofollow noopener\">Realogy Holdings Corp.<\/a>&nbsp;(NYSE: RLGY), the leading and most integrated provider of U.S. residential real estate services in <span class=\"xn-location\">the United States<\/span>, today announced that it has repaid an aggregate of <span class=\"xn-money\">$435 million<\/span> of outstanding borrowings under its term loan facilities as of <span class=\"xn-chron\">September 16, 2021<\/span>. The debt repayment was funded with cash on hand. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n                        <a href=\"https:\/\/mma.prnewswire.com\/media\/350553\/realogy_holdings_corp__logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/350553\/realogy_holdings_corp__logo.jpg\" title=\"Realogy logo. (PRNewsFoto\/Realogy Holdings Corp.)\" alt=\"Realogy logo. (PRNewsFoto\/Realogy Holdings Corp.)\"\/><br \/>\n                        <\/a>\n                <\/p>\n<\/p><\/div>\n<p>The repayments satisfy in full the <span class=\"xn-money\">$197 million<\/span> principal amount of outstanding borrowings under its non-extended Term Loan A facility due <span class=\"xn-chron\">February 2023<\/span> and the <span class=\"xn-money\">$238 million<\/span> principal amount of outstanding borrowings under its Term Loan B facility due <span class=\"xn-chron\">February 2025<\/span>. The company expects to realize approximately <span class=\"xn-money\">$10<\/span> million&nbsp;in cash interest expense savings annually as a result of these repayments. The company also continues to have no outstanding balance on its revolving credit facility since <span class=\"xn-chron\">October 2020<\/span>. <\/p>\n<p>&quot;Realogy has delivered outstanding financial performance while maintaining a proactive focus on strengthening our balance sheet. The repayment of these near-term secured loans improves our liquidity profile and supports our continued efforts to manage our debt portfolio,&quot; said <span class=\"xn-person\">Charlotte Simonelli<\/span>, CFO and Treasurer of Realogy. &quot;We have made tremendous progress to date and remain committed to continuing to deleverage, strengthen our balance sheet, and strategically invest in our business for the future.&quot;<\/p>\n<p><b>About Realogy Holdings Corp. <br \/><\/b><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293618-1&amp;h=1269101389&amp;u=http%3A%2F%2Fwww.realogy.com%2F&amp;a=Realogy+Holdings+Corp.\" rel=\"nofollow noopener\">Realogy Holdings Corp.<\/a>&nbsp;(NYSE: RLGY) is moving the real estate industry to what&#8217;s next. As the leading and most integrated provider of U.S. residential real estate services encompassing franchise, brokerage, relocation, and title and settlement businesses as well as a mortgage joint venture, Realogy supported approximately 1.4 million home transactions in 2020. The company&#8217;s diverse brand portfolio includes some of the most recognized names in real estate:<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293618-1&amp;h=2881504780&amp;u=https%3A%2F%2Fwww.bhgre.com%2F&amp;a=Better+Homes+and+Gardens%C2%AE+Real+Estate%2C\" rel=\"nofollow noopener\">Better Homes and Gardens<sup>&reg;<\/sup> Real Estate,<\/a>&nbsp;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293618-1&amp;h=1428329422&amp;u=https%3A%2F%2Fwww.century21.com%2F&amp;a=CENTURY+21%C2%AE\" rel=\"nofollow noopener\">CENTURY 21<sup>&reg;<\/sup><\/a>, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293618-1&amp;h=3151237&amp;u=https%3A%2F%2Fwww.coldwellbanker.com%2F&amp;a=Coldwell+Banker%C2%AE\" rel=\"nofollow noopener\"><span class=\"xn-person\">Coldwell Banker<\/span><sup>&reg;<\/sup><\/a>, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293618-1&amp;h=4212557085&amp;u=https%3A%2F%2Fwww.cbcworldwide.com%2F&amp;a=Coldwell+Banker+Commercial%C2%AE\" rel=\"nofollow noopener\">Coldwell Banker Commercial<sup>&reg;<\/sup><\/a>, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293618-1&amp;h=2726193001&amp;u=https%3A%2F%2Fwww.corcoran.com%2F&amp;a=Corcoran%C2%AE\" rel=\"nofollow noopener\">Corcoran<sup>&reg;<\/sup><\/a>, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293618-1&amp;h=778956262&amp;u=https%3A%2F%2Fwww.era.com%2F&amp;a=ERA%C2%AE\" rel=\"nofollow noopener\">ERA<sup>&reg;<\/sup><\/a>, and <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293618-1&amp;h=2889962113&amp;u=https%3A%2F%2Fwww.sothebysrealty.com%2Feng&amp;a=Sotheby%27s+International+Realty%C2%AE\" rel=\"nofollow noopener\">Sotheby&#8217;s International Realty<sup>&reg;<\/sup><\/a>.&#x202f;Using innovative technology, data and marketing products, high-quality lead generation programs, and best-in-class learning and support services, Realogy fuels the productivity of its approximately 194,200 independent sales agents in the U.S. and approximately 142,700 independent sales agents in 117 other countries and territories, helping them build stronger businesses and best serve today&#8217;s consumers. Recognized for ten consecutive years as one of the&#x202f;World&#8217;s Most Ethical Companies, Realogy has also been designated a&#x202f;Great Place to Work&#x202f;three years in a row and is one of&#x202f;LinkedIn&#8217;s 2021 Top Companies in the U.S.<\/p>\n<p><b><u>Forward-Looking Statements<\/u><\/b><\/p>\n<p>Certain statements in this press release constitute &quot;forward-looking statements.&quot; Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Realogy Holdings Corp. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements.<\/p>\n<p>Various factors that could cause actual future results and other future events to differ materially from those in forward-looking statements include but are not limited to those set forth under the headings &quot;Forward-Looking Statements&quot; and &quot;Risk Factors&quot; in Realogy&#8217;s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended&nbsp;December 31, 2020, its Quarterly Reports on Form 10-Q for the quarters ended&nbsp;March 31, 2021&nbsp;and <span class=\"xn-chron\">June 30, 2021<\/span> and its other filings made from time to time. Realogy undertakes no obligation to release publicly any revisions to any forward-looking statements, except as required by law.<b><br \/><\/b><\/p>\n<p>&nbsp;<\/p>\n<p><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Investor Contacts:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Media Contacts:<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Alicia Swift<\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Trey Sarten<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(973) 407-4669<\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(973) 407-2162<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><a target=\"_blank\" href=\"mailto:alicia.swift@realogy.com\" class=\"prnews_a\" rel=\"nofollow noopener\">alicia.swift@realogy.com<\/a><\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><a target=\"_blank\" href=\"mailto:trey.sarten@realogy.com\" class=\"prnews_a\" rel=\"nofollow noopener\">trey.sarten@realogy.com<\/a><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\"><\/td>\n<td class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Danielle Kloeblen<\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Gabriella Chiera<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(973) 407-2148<\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(973) 407-5236<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><a target=\"_blank\" href=\"mailto:danielle.kloeblen@realogy.com\" class=\"prnews_a\" rel=\"nofollow noopener\">danielle.kloeblen@realogy.com<\/a><\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><a target=\"_blank\" href=\"mailto:Gabriella.Chiera@realogy.com\" class=\"prnews_a\" rel=\"nofollow noopener\">Gabriella.Chiera@realogy.com<\/a><\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<\/div>\n<p>SOURCE  Realogy Holdings Corp.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY09872&amp;Transmission_Id=202109170800PR_NEWS_USPR_____NY09872&amp;DateId=20210917\" style=\"border:0px; width:1px; height:1px;\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MADISON, N.J., Sept. 17, 2021 \/PRNewswire\/ &#8212; Realogy Holdings Corp.&nbsp;(NYSE: RLGY), the leading and most integrated provider of U.S. residential real estate services in the United States, today announced that it has repaid an aggregate of $435 million of outstanding borrowings under its term loan facilities as of September 16, 2021. The debt repayment was [&hellip;]<\/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-12018","post","type-post","status-publish","format-standard","hentry","category-financial"],"_links":{"self":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/12018","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=12018"}],"version-history":[{"count":0,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/12018\/revisions"}],"wp:attachment":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/media?parent=12018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/categories?post=12018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/tags?post=12018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}