Realogy Holdings Corp. announced that its indirect, wholly-owned subsidiary, Realogy Group LLC proposed to issue, subject to market and other conditions, $550 million aggregate principal amount of senior notes due 2030 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 an unsecured senior basis by each of Realogy Group's domestic subsidiaries that is a guarantor under its senior secured credit facilities and certain of its outstanding securities.

The Notes will also be guaranteed by the Company on an unsecured senior subordinated basis. The Notes will be effectively subordinated to all of Realogy Group's existing and future senior secured debt, including its senior secured credit facilities and its 7.625% Senior Secured Second Lien Notes due 2025, to the extent of the value of the assets securing such debt. The company intends to use the net proceeds from this offering, together with cash on hand, to redeem in full its outstanding 9.375% Senior Notes due 2027, and to pay related accrued interest, premium, fees and expenses.

The redemption will be made solely pursuant to a conditional redemption notice delivered pursuant to the indenture governing the 9.375% Senior Notes due 2027 and nothing contained in this press release constitutes a notice of redemption of the 9.375% Senior Notes due 2027.