MADISON, N.J., Jan. 6, 2017 /PRNewswire/ -- Realogy Holdings Corp. (NYSE: RLGY) today announced that, subject to market conditions, it is seeking to reprice its existing approximately $1.1 billion Term Loan B under its Senior Secured Credit Facility.
In conjunction, the Company intends to increase the borrowing capacity of its Revolving Credit Facility up to $1.0 billion, from the existing $815 million capacity.
Realogy anticipates that the transaction will be completed within the next two weeks. However, there can be no assurance that Realogy will be able to complete the transactions.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include, but are not limited to, statements related to the proposed Term Loan B facility repricing, the proposed increase in the borrowing capacity under our revolving credit facility and our expectation that we will close the financing within the next two weeks. These forward-looking statements involve known and unknown risks, uncertainties and other factors discussed in Realogy's filings with the SEC. Any forward-looking statements speak only as of the date of this press release and, except to the extent required by applicable securities laws, Realogy expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. For additional information concerning risks, uncertainties and other factors that may cause actual results to differ from those anticipated in the forward-looking statements, and risks to our business in general, please refer to Realogy Holdings Corp.'s SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2015 and its quarterly report on Form 10-Q for the quarterly period ended September 30, 2016.
About Realogy Holdings Corp.
Realogy Holdings Corp. (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, 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, its innovation and technology development subsidiary. Realogy is headquartered in Madison, New Jersey.
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SOURCE Realogy Holdings Corp.