Daily News: March 13, 2018

Simpson Thacher Represents JPMorgan in Realogy Refi

JPMorgan Chase acted as administrative agent on the refinancing and maturity date extension of Realogy’s senior secured credit facilities. Simpson Thacher represented the bank in the transaction.

Realogy upsized its revolving credit facility by $350 million to a $1.4 billion total facility, and extended its maturity by three years to February 2023. The company also combined its existing two tranches of term loan A into a new single tranche of $750 million, while extending the current maturities to February 2023. It concurrently extended the maturity of its approximately $1.1 billion term loan B by three years to February 2025.

Realogy Holdings is a provider of residential real estate services that is focused on empowering independent sales agents to best serve today’s consumers.