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Realogy Holdings refinances, extends term loan B

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Realogy Holdings refinances, extends term loan B

Realogy HoldingsCorp. refinanced its termloan B with a new one amounting to $1.1 billion and an extended maturitydate of July 2022.

The company's existing term loan B had an original amount ofroughly $1.9 million and a maturity date of 2020.

Simultaneously, Realogy closed on a $355 million term loan A-1tranche due in July 2021 with substantially the same terms as its existing termloan A.

The company repaid the existing term loan B using cash on hand,net proceeds from the new term loan B and term loan A-1, and $225 million worthof borrowings under its existing revolving credit facility. The repayment decreasesthe term loan B borrowings by roughly $765 million to $1.1 billion.