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Realogy says Apollo has its back

Private equity firm ready to provide assistance
Published on Feb 26, 2009

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by CareyBot

Realogy Corp. reported a $1.9 billion loss for 2008 Tuesday, but the debt-burdened company's executives said they can count on financial assistance from private equity firm Apollo Management LP to stay in compliance with creditors and maintain cash flow through the end of the year.

Nearly all of the loss reported by Realogy -- $1.79 billion -- were noncash charges to goodwill, intangible assets and investments on the company's balance sheet.

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