Realogy to redeem 9 3/8% notes with proceeds of new notes, cash

By Rebecca Melvin

Concord, N.H., Jan. 5 – Realogy Holdings Corp. plans to redeem and retire its 9 3/8% senior notes due 2027 using proceed of new notes and cash on hand, according to a company news release on Wednesday.

The redemption is being made pursuant to a conditional redemption in the indenture governing notes.

Also on Wednesday, Realogy was pricing $550 million senior notes due 2030 (B2/B+). The issuing entities will be Realogy Group LLC and Realogy Co-Issuer Corp.

The real estate services provider is based in Adison, N.J.

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