Realogy Holdings repays $435 million of borrowings under term loans

By Marisa Wong

Los Angeles, Sept. 17 – Realogy Holdings Corp. announced it repaid an aggregate of $435 million of outstanding borrowings under its term loan facilities as of Sept. 16.

The debt repayment was funded with cash on hand, according to a press release.

The repayments satisfy in full the $197 million principal amount of outstanding borrowings under Realogy’s non-extended term loan A due February 2023 and the $238 million principal amount of outstanding borrowings under its term loan B due February 2025.

The company expects to realize about $10 million of cash interest expense savings annually as a result of these repayments.

The company also continues to have no outstanding balance on its revolving credit facility since October 2020.

The provider of U.S. residential real estate services is based in Madison, N.J.

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