Realogy Group draws on revolver to redeem $196 million 9% notes

By Angela McDaniels

Tacoma, Wash., Nov. 30 – Realogy Holdings Corp. subsidiary Realogy Group LLC drew on its revolving credit facility to help fund the redemption of its $196 million principal amount of outstanding 9% senior secured notes due 2020, according to an 8-K filing with the Securities and Exchange Commission.

The company redeemed the notes at 105.49% of par plus accrued interest on Monday at a cost of roughly $213 million.

The company also used cash on hand to fund the redemption.

Realogy is a real estate company based in Madison, N.J.

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