Anywhere Real Estate amends, extending $1.1 billion of revolver

By Sara Rosenberg

New York, July 28 – Anywhere Real Estate Group LLC amended its credit facility, extending $1.1 billion of revolver commitments to July 2027 and terminating revolver commitments due February 2023, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

In addition, the amendment replaced Libor with SOFR and added 10 basis points CSA.

The extended revolver has a springing maturity to March 2, 2023 if the company’s 4 7/8% senior notes have not been extended, refinanced or replaced to have a maturity date after Oct. 26, 2027, a springing maturity to March 16, 2026 if the 0.25% exchangeable senior notes have not been extended, refinanced or replaced to have a maturity date after Oct. 26, 2027, and a springing maturity to Feb. 8, 2025 if the term loan A has not been extended, refinanced or replaced to have a maturity date after Oct. 26, 2027.

The amendment was completed on July 27.

JPMorgan Chase Bank is the administrative agent.

Anywhere Real Estate is a Madison, N.J.-based residential real estate services company.

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