Realogy Holdings Corp. (NYSE:RLGY) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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Realogy Holdings Corp. (NYSE:RLGY) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01.

Entry into a Material Definitive Agreement.
1. Fourth Amendment to Credit Agreement.
On January 23, 2017, Realogy Group LLC (the Company), an
indirect, wholly-owned subsidiary of Realogy Holdings Corp.,
entered into a fourth amendment (the Fourth Amendment) to its
Amended and Restated Credit Agreement, dated as of March 5, 2013
(as amended, amended and restated, modified or supplemented from
time to time, the Credit Agreement) among Realogy Intermediate
Holdings LLC, the Company, the lenders from time to time party
thereto, JPMorgan Chase Bank, N.A., as administrative agent, and
the other agents parties thereto.
The Fourth Amendment reprices the $1.094 billion term loan issued
under the Credit Agreement through a refinancing of the existing
term loan with a new term loan (the Repriced 2022 Term Loan). The
interest rate with respect to the Repriced 2022 Term Loan is
based on, at the Companys option, adjusted LIBOR plus 2.25% (with
a floor of 0.75%) or ABR plus 1.25% (with an ABR floor of 1.75%).
The maturity date for the Repriced 2022 Term Loan remains July
20, 2022, and all other material provisions under the Credit
Agreement remain unchanged.
The descriptions of the provisions of the Fourth Amendment are
qualified in their entirety by reference to the full and complete
terms of the Fourth Amendment which is attached hereto as Exhibit
10.1 and is incorporated herein by reference.
2. Incremental Assumption Agreement under Credit Agreement.
On January 23, 2017, the Company entered into an Incremental
Assumption Agreement to the Credit Agreement to which the Company
increased the borrowing capacity under its revolving credit
facility to $1.050 billion from the existing $815 million.
The description of the Incremental Assumption Agreement is
qualified in its entirety by reference to the full and complete
terms of the Incremental Assumption Agreement which is attached
hereto as Exhibit 10.2 and is incorporated herein by reference.
***
Certain of the lenders and their affiliates have engaged, and may
in the future engage, in investment banking, commercial banking
and other financial advisory and commercial dealings with the
Company and its affiliates. They have received (or will receive)
customary fees and commissions for these transactions.
Item 2.03.
Creation of a Direct Financial Obligation or an
Obligation under an Off-Shore Balance Sheet Arrangement
of a Registrant.
The information set forth in Item 1.01 of this Current Report on
Form 8-K is incorporated herein by reference.
Item 9.01.
Financial Statements and Exhibits.
(d)
Exhibits
Exhibit No.
Description
10.1
Fourth Amendment, dated as of January 23, 2017, to the
Amended and Restated Credit Agreement, dated as of
March 5, 2013, among Realogy Intermediate Holdings LLC,
Realogy Group LLC, the lenders from time to time party
thereto, JPMorgan Chase Bank, N.A., as administrative
agent, and the other agents parties thereto.
10.2
Incremental Assumption Agreement, dated as of January
23, 2017, among Realogy Intermediate Holdings LLC,
Realogy Group LLC, the financial institutions party
thereto, and JPMorgan Chase Bank, N.A., as
administrative agent.
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
REALOGY HOLDINGS CORP.
By:
/s/ Anthony E. Hull
Anthony E. Hull, Executive Vice President, Chief
Financial Officer and Treasurer
Date: January 23, 2017


About Realogy Holdings Corp. (NYSE:RLGY)

Realogy Holdings Corp. is an integrated provider of residential real estate services in the United States. The Company is the franchisor of residential real estate brokerages with some brands in the real estate industry; owner of the United States residential real estate brokerage offices; provider of outsourced employee relocation services, and a provider of title and settlement services. The Company has four operating segments: Real Estate Franchise Services (RFG), Company Owned Real Estate Brokerage Services (NRT), Relocation Services (Cartus), and Title and Settlement Services (TRG). The Company’s operating platform is supported by its portfolio of industry franchise brokerage brands, including Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, Sotheby’s International Realty and Better Homes and Gardens Real Estate, and it also owns and operates Corcoran, Citi Habitats and ZipRealty brands.

Realogy Holdings Corp. (NYSE:RLGY) Recent Trading Information

Realogy Holdings Corp. (NYSE:RLGY) closed its last trading session up +0.92 at 26.41 with 952,840 shares trading hands.