Anywhere Announces Proposed Offering of Senior Secured Second Lien Notes

Core Viewpoint - Anywhere Real Estate Inc. is proposing to issue $500 million in senior secured second lien notes due 2030 to finance the repurchase of existing debt and reduce borrowings under its Revolving Credit Facility [1][2]. Group 1: Offering Details - The proposed offering consists of $500 million aggregate principal amount of senior secured second lien notes due 2030 [1]. - The notes will be guaranteed on an unsecured senior subordinated basis by the Company and on a senior secured second priority lien basis by its subsidiaries [1]. - The notes will be effectively junior to all existing and future indebtedness secured by senior liens on the collateral [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to repurchase the Company's 0.25% exchangeable senior notes due 2026 [2]. - Remaining proceeds will be allocated to repay a portion of outstanding borrowings under the Revolving Credit Facility [2]. Group 3: Regulatory Information - The notes and related guarantees will not be registered under the Securities Act and will be offered only to qualified institutional buyers [3]. - The offering is exempt from registration requirements under the Securities Act [1][3]. Group 4: Company Overview - Anywhere Real Estate Inc. operates in the real estate sector, providing integrated services including franchise, brokerage, relocation, and title and settlement businesses [5]. - The Company is associated with well-known brands such as Better Homes and Gardens® Real Estate, CENTURY 21®, and Sotheby's International Realty® [5].