Realogy to use revolver borrowings for interest payments this month

By Sara Rosenberg

New York, Oct. 6 - Realogy Corp. plans to draw on its revolving credit facility in October to fund interest payments of approximately $215 million due on its unsecured notes and second-lien loans, according to an 8-K filed with the Securities and Exchange Commission late Wednesday.

As of Sept. 30, there was $50 million drawn on the revolver and $113 million of outstanding letters of credit.

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

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