Realogy launches $1.9 billion term loan at Libor plus 300 bps

By Sara Rosenberg

New York, Feb. 27 - Realogy Holdings Corp. launched on Thursday its roughly $1.9 billion senior secured term loan with price talk of Libor plus 300 basis points with a 1% Libor floor and a par offer price, according to sources.

The term loan has 101 soft call protection for six months, sources said.

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

Proceeds will be used to reprice an existing term loan from Libor plus 350 bps with a 1% Libor floor.

Realogy is a Madison, 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.