RE|MAX Holdings, Inc. Announces Completion Of Purchase Of North American Regions From RE|MAX INTEGRA
RE|MAX Holdings Also Announces Amendment of Credit Agreement That Increases Capacity and Reduces Borrowing Costs Proceeds From New Term Loans to be Used to Repay Existing Indebtedness and Fund RE|MAX INTEGRA North American Regions Acquisition DENVER , July 21, 2021 |PRNewswire| -- RE|MAX Holdings, Inc. (the "Company" or "RE|MAX Holdings") (NYSE: RMAX ), today announced that RE|MAX, LLC, one of the world''s leading franchisors of real estate brokerage services, has completed its previously announced purchase of the North American regions of RE|MAX INTEGRA. With the sale now closed, more than 19,000 agents (approximately 12,000 in Canada and 7,000 in the U.S.) and more than 1,100 independently owned and operated RE|MAX offices are now in the growing group of RE|MAX, LLC Company-Owned Regions (COR). "We are delighted to complete this landmark regional acquisition," said Adam Contos , RE|MAX Holdings CEO. "The addition of these strategic and geographically desirable regions enhances our ability to continue to scale, brings many attractive growth opportunities and simplifies our operational structure by creating greater efficiencies.
RE|MAX Holdings, Inc. Announces Completion Of Purchase Of North American Regions From RE|MAX INTEGRA
RE|MAX Holdings Also Announces Amendment of Credit Agreement That Increases Capacity and Reduces Borrowing Costs Proceeds From New Term Loans to be Used to Repay Existing Indebtedness and Fund RE|MAX INTEGRA North American Regions Acquisition DENVER , July 21, 2021 |PRNewswire| -- RE|MAX Holdings, Inc. (the "Company" or "RE|MAX Holdings") (NYSE: RMAX ), today announced that RE|MAX, LLC, one of the world''s leading franchisors of real estate brokerage services, has completed its previously announced purchase of the North American regions of RE|MAX INTEGRA. With the sale now closed, more than 19,000 agents (approximately 12,000 in Canada and 7,000 in the U.S.) and more than 1,100 independently owned and operated RE|MAX offices are now in the growing group of RE|MAX, LLC Company-Owned Regions (COR). "We are delighted to complete this landmark regional acquisition," said Adam Contos , RE|MAX Holdings CEO. "The addition of these strategic and geographically desirable regions enhances our ability to continue to scale, brings many attractive growth opportunities and simplifies our operational structure by creating greater efficiencies.