Moody's says Realogy's upsized revolving credit facility and term loan B repricing are liquidity-positive developments; ratings unchanged
New York, January 09, 2017-- Moody's Investors Service says Realogy Group LLC's proposed increase of its senior secured revolving credit facility due 2020 by up to $185 million and its plan to reduce pricing on its senior secured term loan B due 2022 are positive liquidity developments but the Ba3 Corporate Family, Ba3-PD Probability of Default, Ba1 senior secured, B1 senior unsecured and SGL-1 Speculative Grade Liquidity ratings, as well as the stable ratings outlook, are...
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