RE/MAX to launch $460 million term loan B on Wednesday morning

By Sara Rosenberg

New York, June 15 – RE/MAX LLC will hold a lender call at 11 a.m. ET on Wednesday to launch a $460 million seven-year term loan B, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

Price talk on the term loan is Libor plus 250 basis points to 275 bps with a 0.5% Libor floor and an original issue discount of 99, the source said.

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

Commitments are due at 5 p.m. ET on June 24, the source added.

Proceeds will be used to refinance existing debt and for general corporate purposes.

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

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