STB represented the initial purchasers, the arrangers and the administrative agent in connection with the financing of Apollo Management, L.P.'s acquisition of Realogy Corporation. The financing consisted of a $3.125 billion Rule 144A and Regulation S offering of Senior Fixed Rate, Senior Toggle and Senior Subordinated Notes and a $4.445 billion Senior Secured Credit Facility, consisting of a Term Loan Facility, a Revolving Credit Facility and a Synthetic Letter of Credit Facility. The Initial Purchasers were J.P. Morgan Securities Inc., Credit Suisse Securities (USA) LLC, Bear, Stearns & Co. Inc., Citigroup Global Markets Inc., Barclays Capital Inc. and Calyon Securities (USA) LLC. The Senior Secured Credit Facility was arranged by J.P. Morgan Securities Inc., Credit Suisse Securities (USA) LLC, Bear, Stearns & Co., Inc. and Citigroup Global Markets Inc. with JPMorgan Chase Bank, N.A. as administrative agent and collateral agent.
Realogy Corporation is one of the preeminent and most integrated providers of real estate and relocation services in the world with brands including Century 21®, Coldwell Banker®, ERA® and Sotheby's International Realty®.
The team of STB attorneys who worked on this transaction includes: Arthur Robinson, Laura Palma, Marisa Stavenas, Thomas Terbell, Dora Jimenez and Bryan Yoon (Securities); Frank Huck, Jonathan Wry, Andrew Hecht, Helen Kim, Michael Saily and Ryan Gavin (Credit); Shari Silverman (Tax); Michael Isby (Environmental); Alan Turner (Litigation); Lori Lesser and Kirstie Howard (Intellectual Property); Andrew O’Brien (Benefits); and Mark Lab (Blue Sky). Corporate paralegals Anne Dana and Anne Throdahl provided valuable assistance on this transaction.