Anywhere Real Estate Inc. Unveils Plans for New Senior Secured Notes Offering

Announcement of Offering for Senior Secured Notes

Anywhere Real Estate Inc., a leader in residential real estate services, has officially announced its intention to issue $500 million in senior secured second lien notes due in 2030. This decision was disclosed in a recent press release, marking a crucial step for the company in its financial strategy as it works to optimize its debt structure and support its growth initiatives.

Details of the Offering

The notes will be issued by Anywhere Real Estate Group LLC and Anywhere Co-Issuer Corp., both subsidiaries of Anywhere Real Estate Inc. This private offering is exempt from the registration requirements outlined in the Securities Act of 1933, allowing the company to operate within a flexible framework in the current market environment. The obligation of the notes will be guaranteed on a subordinated basis by Anywhere Real Estate Inc., as well as by several of its existing and future U.S. subsidiaries.

Importantly, these notes will rank junior to all current and future debts secured by senior liens on the company’s collateral. This means that in a bankruptcy situation, noteholders would be repaid only after senior lien creditors have been satisfied. Therefore, understanding the associated risks is critical for potential investors considering participation in this offering.

Use of Proceeds

The funds raised from this new issuance are intended to achieve strategic financial objectives. Specifically, Anywhere intends to utilize the net proceeds to buy back its 0.25% exchangeable senior notes which are due in 2026 and to pay down some of its outstanding borrowings under the company’s revolving credit facility. This strategic move is anticipated to enhance the overall financial strength of Anywhere Real Estate Inc., enabling it to continue its operations effectively and to seize future growth opportunities.

Regulatory Compliance

It is worth mentioning that the notes and related guarantees will not be registered under the Securities Act, nor will they be offered or sold in the United States unless they are registered or an applicable exemption applies. This aligns with regulatory frameworks designed to protect various stakeholders while providing corporate flexibility.

The offering will specifically target qualified institutional buyers under Rule 144A of the Securities Act, as well as potential investors outside the United States in accordance with Regulation S of the Securities Act. Potential buyers should be aware of these regulations as they evaluate their options.

About Anywhere Real Estate Inc.

Anyplace Real Estate Inc. is a notable player in the real estate market, recognized for its diverse array of services ranging from brokerage and franchise opportunities to relocation and title insurance services. With its recognized brands including Better Homes and Gardens® Real Estate, CENTURY 21®, and Corcoran®, the company is committed to enhancing the productivity and success of its network comprising over 300,000 affiliated agents globally. By endorsing innovation and adaptability, Anywhere Real Estate Inc. is well-positioned to support the evolving needs of its clients in the real estate sector.

Cautionary Statements

As mentioned in the announcement, certain details regarding the offering and intended use of proceeds may be characterized as “forward-looking statements.” These statements are inherently subject to risks and uncertainties, indicating that while the company plans to move forward with this offering, several factors could influence its success. Investors are encouraged to consider these risks before making any decisions.

With this planned issuance, Anywhere Real Estate Inc. emphasizes its commitment to strategic financial management while navigating the complexities of today’s market landscape. The company's efforts in fortifying its capital structure underscore its objective to support ongoing growth and deliver value to its stakeholders.