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Realogy, parent company to Corcoran Group, Citi Habitats and Century 21, looked close to bankruptcy last week but has been given new life, thanks to the $515 million it raised in new loans. Full Article at The Real Deal: New York
Related Articles
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It looks like the fixer-upper that billionaire investor Leon Black bought in real estate company Realogy won't be foreclosed on just yet. Full Article at New York Post
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CHICAGO (AP) — Fitch Ratings said Tuesday that the three issuers of junk debt most in danger of breaching lender requirements are Realogy Corp . , Chesapeake Energy Corp. and Frontier Communications Co.Fitch analyzed the liquidity position of more than 3... Full Article at Newsday
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By Christina S. N. Lewis Two days ahead of a Sept. 30 deadline to reduce its leverage, brokerage firm Realogy Corp. , issued $515 million in new bonds to replace $585 million in existing debt, including $220 million of notes held by Icahn... Full Article at Wall Street Journal
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Pam Liebman, CEO of Corcoron, which is under the Realogy umbrella Reology's debt prices skyrocketed as the real estate giant announced it is seeking $325 million of second-lien term loans in exchange for bonds held by Icahn Partners. Full Article at The Real Deal: New York
Related Quotes
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The next set of leverage buyouts is coming up ... When the loan market is near the 90s instead of the 60s it helps a lot.
SOURCE: Forbes -
The transaction, if it closes, will allow Realogy to pay down first-lien secured debt
SOURCE: The Real Deal: New York -
I think we've got a realistic chance of doing this ... Our problem is not with the first-time home buyer, it's the move-up buyer.
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Right now, the recovery is in the first stage and getting entry-level buyers in, but it's having no impact on the move-up buyer
– Richard Smith SOURCE: USA Today
