RE/MAX plans $235 million incremental term loan for acquisition

By Sara Rosenberg

New York, June 3 – RE/MAX LLC has received a commitment for a $235 million incremental term loan to fund the acquisition of the North America regions of RE/MAX Integra, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

JPMorgan Chase Bank is the lead arranger, bookrunner and administrative agent on the loan.

Closing on the roughly $235 million acquisition is expected in the third quarter, subject to customary conditions, including antitrust review.

RE/MAX is a Denver-based franchisor of real estate brokerage services.

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