From the Wires
Realogy Announces Intention to Refinance Its Senior Secured Credit Facility
By: Marketwired .
Feb. 12, 2013 02:15 PM
PARSIPPANY, NJ -- (Marketwire) -- 02/12/13 -- Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services, announced today its intention to refinance its senior secured credit facility.
Subject to market conditions, Realogy is seeking to refinance its $1.822 billion extended term loan facility and increase its revolving credit facility to up to $600 million from $363 million while extending the maturities beyond their current October 2016 and April 2016 maturity dates, respectively.
Realogy anticipates that the transaction will be completed in February 2013. However, there can be no assurance that Realogy will be able to complete the transaction, which is subject to market and other customary conditions.
About Realogy Holdings Corp.
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