Realogy Seeks to Lower Loan Costs as Housing Market Recovers
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Realogy Holdings Corp., the most indebted U.S. real-estate services company, will seek to negotiate a lower interest rate on its most senior debt obligations next year.
The firm is planning to reduce how much it pays on a $1.9 billion term loan that it repriced in February, according to Anthony Hull, the chief financial officer. It currently pays 3.5 percentage points more than the London interbank offered rate, with a 1 percent minimum on the benchmark, according to data compiled by Bloomberg.