RISMEDIA, January 25, 2011—Realogy Corporation announced that it is proposing to issue approximately $700 million aggregate principal amount of senior secured notes due 2019 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. The notes will be guaranteed on a senior secured basis by Domus Intermediate Holdings Corp., the company’s parent, and each domestic subsidiary of the company that is a guarantor under its senior secured credit facility.
The notes will also be guaranteed by Domus Holdings Corp., the company’s indirect parent, on an unsecured senior subordinated basis. The notes will be secured by substantially the same collateral as the company’s existing first lien obligations under its senior secured credit facility, but the priority of the collateral liens securing the Notes will be junior to the collateral liens securing the company’s first lien obligations under its senior secured credit facility and senior to the collateral liens securing the company’s second lien obligations under its senior secured credit facility.
The notes will not be registered under the securities or any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws. The notes will be offered in the United States only to qualified institutional buyers under Rule 144A of the Securities Act and outside the United States under Regulation S of the Securities Act.
The company intends to use the net proceeds from the offering of the notes, along with cash on hand, to prepay $700 million of certain of its first lien term loan borrowings under its senior secured credit facility. The proposed offering of the notes is subject to market and other conditions, including a proposed amendment to the company’s senior secured credit facility, and may not occur as described or at all.
For more information, visit www.realogy.com.
