Realogy Announces Upsizing And Pricing Of Its $600 Million Offering Of Senior Notes
MADISON, N.J. , Jan. 6, 2021 |PRNewswire| -- Realogy Holdings Corp. (NYSE: RLGY) (the "Company") announced today that its indirect, wholly-owned subsidiary, Realogy Group LLC ("Realogy Group"), together with a co-issuer, priced $600 million aggregate principal amount of 5.750% senior notes due 2029 (the "Notes") at par in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The size of the offering has been upsized from $400 million to $600 million . The closing of the offering is expected to occur on January 11, 2021 , subject to customary closing conditions. The Notes will be guaranteed on an unsecured senior basis by each of Realogy Group's domestic subsidiaries (other than the co-issuer of the Notes) that is a guarantor under its senior secured credit facilities and certain of its outstanding securities. The Notes will also be guaranteed by the Company on an unsecured senior subordinated basis. The Notes will be effectively subordinated to all of Realogy Group's existing and future senior secured debt, …
Realogy Announces Upsizing And Pricing Of Its $600 Million Offering Of Senior Notes
MADISON, N.J. , Jan. 6, 2021 |PRNewswire| -- Realogy Holdings Corp. (NYSE: RLGY) (the "Company") announced today that its indirect, wholly-owned subsidiary, Realogy Group LLC ("Realogy Group"), together with a co-issuer, priced $600 million aggregate principal amount of 5.750% senior notes due 2029 (the "Notes") at par in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The size of the offering has been upsized from $400 million to $600 million . The closing of the offering is expected to occur on January 11, 2021 , subject to customary closing conditions. The Notes will be guaranteed on an unsecured senior basis by each of Realogy Group's domestic subsidiaries (other than the co-issuer of the Notes) that is a guarantor under its senior secured credit facilities and certain of its outstanding securities. The Notes will also be guaranteed by the Company on an unsecured senior subordinated basis. The Notes will be effectively subordinated to all of Realogy Group's existing and future senior secured debt, …