Realogy to price $200 million tap of 5¾% notes due 2029 on Tuesday

By Paul A. Harris

Portland, Ore., Feb. 2 – Realogy Group LLC plans to price a $200 million add-on to the Realogy Group/Realogy Co-Issuer Corp. 5¾% senior notes due Jan. 15, 2029 in a Tuesday drive-by, according to market sources.

J.P. Morgan Securities LLC is leading the Rule 144A and Regulation S offering.

The notes have call protection until Jan. 15, 2024.

The Madison, N.J.-based provider of real estate services said that it plans to use the proceeds to pay down its term loan B but may elect to apply all or a portion of the proceeds to repay other debt.

The original $600 million issue priced in January 2021.

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