Realogy launches $1.82 billion term loan B at Libor plus 300-325 bps

By Sara Rosenberg

New York, Feb. 13 - Realogy Group LLC launched with a call on Wednesday its $1.82 billion term loan B due 2020 with price talk of Libor plus 300 basis points to 325 bps with a 1% Libor floor and a par offer price, according to a market source.

The term loan B has 101 soft call protection for six months, the source said.

The company's up to $2.42 billion credit facility also includes an up to $600 million revolver due 2018.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to refinance an existing $363 million revolver due April 2016 and a $1.82 billion term loan due October 2016.

Closing is expected this month.

Realogy is a Parsippany, N.J.-based provider of real estate brokerage, relocation and settlement services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.