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Realogy Announces Upsizing And Pricing Of $600 Million Offering Of Senior Notes

Realogy Holdings Corp.’s indirect, wholly-owned subsidiary Realogy Group LLC, together with a co-issuer, has priced $600 million aggregate principal amount of 5.75% senior notes due 2029 at par in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. The size of the offering has been upsized from $400 million to $600 million.

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, including its senior secured credit facilities, to the extent of the value of the assets securing such debt.

The company intends to use approximately $250 million of the net proceeds from this offering to repay a portion of debt.


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