BrokerageIndustry News

Realogy debt plan moves forward

Company says actions reduce debt by $70 million
Published on Sep 29, 2009

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by CareyBot

Real estate franchise and brokerage company Realogy Corp. said Monday it took out $515 million in loans in a debt restructuring that will reduce the company's debt by $70 million.

Realogy was acquired by an affiliate of Apollo in April 2007 in a leveraged deal that left the company burdened with debt.