Realogy to redeem all $492 million 11½% notes with new issue proceeds

By Tali David

Minneapolis, April 23 - Realogy Group LLC plans to redeem all $492 million of its 11½% senior notes due 2017 with the proceeds of a new note offering and borrowings under its revolving credit facility, according to a press release.

The notes will be redeemed at 105.75 plus accrued interest to the redemption date.

Realogy is a Parsippany, N.J.-based provider of real estate brokerage, relocation and settlement services.

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