Anywhere Announces Pricing of Senior Secured Second Lien Notes

Core Viewpoint - Anywhere Real Estate Inc. has announced a private offering of $500 million in senior secured second lien notes with a 9.750% interest rate, due in 2030, to be used primarily for repurchasing existing debt and repaying borrowings under its revolving credit facility [1][3]. Group 1: Offering Details - The offering consists of $500 million aggregate principal amount of 9.750% senior secured second lien notes due 2030, priced at an issue price of 100.00% [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 Anywhere Intermediate Holdings LLC and certain subsidiaries [2]. - The closing of the offering is expected to occur on June 26, 2025, subject to customary closing conditions [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 and to repay a portion of outstanding borrowings under the Revolving Credit Facility [3]. 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 under Rule 144A and outside the U.S. under Regulation S [4].