This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Realogy Completes Repricing Of $1.9 Billion Term Loan

MADISON, N.J., March 10, 2014 /PRNewswire/ -- Realogy Holdings Corp. (NYSE: RLGY) today announced that its indirect, wholly-owned subsidiary, Realogy Group LLC, has completed the repricing of its $1.9 billion term loan under its senior secured credit agreement through a refinancing of the existing term loan with a new term loan.
Realogy logo.

The interest rate under the new term loan is 75 basis points* lower than the rate under the previous term loan and Realogy expects to reduce its annual cash interest expense by approximately $14 million.

The interest rate with respect to the new term loan is adjusted LIBOR plus a 3.00% margin (with a floor of 0.75%) or ABR plus 2.00% (with an ABR floor of 1.75%), representing a 50 basis point reduction in the margin and a 25 basis point reduction in the floor. The maturity date for the new term loan remains March 5, 2020, and all other material provisions under the senior secured credit agreement remain unchanged.

______*Assumes LIBOR remains under 0.75%.

About Realogy Realogy Holdings Corp.  (NYSE: RLGY) is a global leader in residential real estate franchising with company-owned residential real estate brokerage operations doing business under its franchise systems as well as relocation and title services. Realogy's brands and business units include Better Homes and Gardens ® Real Estate, CENTURY 21 ®, Coldwell Banker ®, Coldwell Banker Commercial ®, The Corcoran Group ®, ERA ®, Sotheby's International Realty ®, NRT LLC, Cartus and Title Resource Group. Collectively, Realogy's franchise system members operate approximately 13,700 offices with 247,800 independent sales associates doing business in 103 countries around the world. Realogy is headquartered in Madison, N.J.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs