Realogy Holdings Reported Preliminary Q4 Results; Announces New Senior Notes Offering
<p><a href='https://financialmodelingprep.com/financial-summary/RLGY'>Realogy Holdings Corp. (NYSE:RLGY) </a>reported its preliminary Q421 results and announces new senior notes offering.</p>
<p>Analysts at Berenberg Bank provided their views on the company, stating they view the preliminary results as positive regarding the gross transaction volume, while also noting that the final results could be different. </p>
<p>On a combined basis (RFG + RBG), the company’s Q4 transaction volume was up 3% year-over-year and 2021 transaction volume was up 29% year-over-year. </p>
<p>The company announced a $550 million senior notes offering, which is also viewed as a positive as it highlights the company’s commitment to strengthening its balance sheet. The new notes will be subordinated to all of the company’s existing debt and the company intends to use the proceeds to redeem its $550 million 9.375% senior notes. With the current level of low-interest rates, the analysts expect the rate on the new notes to be significantly lower.</p>

NYSE:RLGY