April 20, 2018 1:05 PM ET

Real Estate Management and Development

Company Overview of Realogy Group LLC

Company Overview

Realogy Group LLC provides residential real estate services in the United States and internationally. The company’s Real Estate Franchise Services segment franchises residential real estate brokerages through its portfolio of brands, including Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, Sotheby’s International Realty, and Better Homes and Gardens Real Estate. As of December 31, 2017, the segment had approximately 14,800 offices comprising approximately 6,100 brokerage offices and approximately 289,000 independent sales associates. Its Company Owned Real Estate Brokerage Services segment owns and operates full-service real estate brokerage business under the Coldwell Banker,...

175 Park Avenue

Madison, NJ 07940

United States

Founded in 2006

Phone:

973-407-2000

Key Executives for Realogy Group LLC

Chairman & CEO
Age: 63
Executive VP, CFO & Treasurer
Age: 58
Chairman Emeritus and Chief Executive Officer of Coldwell Banker LLC
CEO & President of Better Homes & Gardens Real Estate Licensee LLC
Chief Executive Officer of Century 21 Real Estate LLC
Compensation as of Fiscal Year 2017.

Realogy Group LLC Key Developments

Realogy Group LLC Announces Amendments to the Amended and Restated Credit Agreement and Amendment to the Term Loan Agreement

On February 8, 2018, Realogy Group LLC refinanced the following indebtedness: its existing $1.083 billion Term Loan B due July 2022 with a new Term Loan B in the amount of $1.080 billion and with a maturity date in February 2025; its existing $1.050 billion revolving credit facility that matures in October 2020 under its senior secured credit facility with a new $1.400 billion revolving credit facility that matures in February 2023; and its existing aggregate $733 million Term Loan A and Term Loan A-1 tranches due October 2020 and July 2021, respectively, under its Term Loan senior secured credit facility into a new single tranche of $750 million Term Loan A due February 2023, inclusive of incremental borrowings of approximately $17 million. On February 8, 2018, Realogy Group entered into fifth and sixth amendments to the Amended and Restated Credit Agreement, dated as of March 5, 2013, among Intermediate Holdings, Realogy Group, the several lenders from time to time parties thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents parties thereto. The Fifth Amendment replaced the existing $1.083 billion term loan due July 2022 issued under the Credit Agreement through a refinancing of the existing term loan with a new $1.080 billion Term Loan B due February 8, 2025. The interest rate and amortization with respect to the New Term Loan B remains unchanged from the existing Term Loan B. The Sixth Amendment provides for a new five-year $1.400 billion revolving credit facility that refinances and replaces the prior $1.050 billion revolving credit facility under the Credit Agreement. The New Revolving Credit Facility has a maturity date of February 8, 2023. Consistent with the existing revolving credit facility, the interest rates with respect to the New Revolving Credit Facility are based on, at option, adjusted LIBOR plus 2.25% or ABR plus 1.25%, in each case subject to adjustment based on the Company's senior secured leverage ratio. On February 8, 2018, Realogy Group entered into a second amendment to the Term Loan Agreement, dated as of October 23, 2015, among Intermediate Holdings, the lenders party thereto from time to time and JPMorgan Chase Bank, N.A., as administrative agent for the lenders. The Second Amendment provides for the refinancing of the existing aggregate $733 million Term Loan A and Term Loan A-1 tranches due October 2020 and July 2021, respectively, under the Term Loan A Agreement into a new single tranche of $750 million Term Loan A due February 2023, inclusive of incremental borrowings of approximately $17 million. Consistent with the pricing on the existing Term Loan A-1 (and the New Revolving Credit Facility), the interest rates with respect to the New Term Loan A under the Term Loan A Agreement are based on, at option, adjusted LIBOR plus 2.25% or ABR plus 1.25%, in each case subject to adjustment based on the Company's senior secured leverage ratio. The New Term Loan A provides for quarterly amortization payments on the last day of each quarter, totaling per annum 2.5%, 2.5%, 5.0%, 7.5% and 10.0% of the original principal amount of the New Term Loan A, commencing June 30, 2018, with the balance of the New Term Loan A due in full on February 8, 2023. All other material provisions under the Term Loan A Agreement remain substantially unchanged.

Realogy Group LLC Announces Management Changes

effective as of December 31, 2017, Ryan M. Schneider will become the company's Chief Executive Officer and President, Michael J. Williams will become the company's independent chairman of the board, and Richard A. Smith will conclude his service as an executive officer and director of the company. In connection with his appointment to serve as chairman of the Board, effective December 31, 2017.

Realogy Group LLC Appoints Ryan M. Schneider to the Board of Managers

Realogy Group LLC announced that Mr. Ryan M. Schneider was appointed to the Board of Managers of the company on October 20, 2017. Mr. Schneider, age 48, served as President, Card of Capital One Financial Corporation, from December 2007 to November 2016 where he was responsible for all of Capital One’s consumer and small business credit card lines of business in the United States, the United Kingdom and Canada. Mr. Schneider held a variety of other positions within Capital One from December 2001 to December 2007, including Executive Vice President and President, Auto Finance and Executive Vice President, U.S. Card. From November 2016 until April 2017, he served as Senior Advisor to Capital One.

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