Realogy is planning to offer $700 million of senior secured eight year notes, The Wall Street Journal reports. JP Morgan has been appointed as the lead underwriter of the offering by the provider of real estate and relocation services. The proceeds from the sale will be used to prepay $700 million of Realogy’s first-lien term loan borrowings under its senior secured credit facility. The notes will be guaranteed by Domus Intermediate Holdings and Domus Holdings.
Click here for the story from The Wall Street Journal.