Market Overview

Realogy Announces Redemption of Remaining Convertible Notes

Realogy Group, a subsidiary of Realogy Holdings (NYSE: RLGY), announced today that it will redeem all of the Company's (i) 11.00% Series A Convertible Senior Subordinated Notes due 2018 (the "Series A Convertible Notes"), (ii) 11.00% Series B Convertible Senior Subordinated Notes due 2018 (the "Series B Convertible Notes") and (iii) 11.00% Series C Convertible Senior Subordinated Notes due 2018 (the "Series C Convertible Notes" and, together with the Series A Convertible Notes and Series B Convertible Notes, the "Convertible Notes") outstanding that have not been submitted for conversion prior to the redemption date. Earlier today, holders of approximately $1.9 billion aggregate principal amount of Convertible Notes converted their Convertible Notes into shares of common stock of Realogy Holdings Corp. The redemption shall occur on November 16, 2012, at a redemption

Posted-In: News Financing

 

Related Articles (RLGY)

Around the Web, We're Loving...

Get Benzinga's Newsletters