Anywhere Real Estate Inc. has entered into a new financing agreement involving the issuance of $500 million in senior secured second lien notes due 2030. The agreement, dated June 26, 2025, involves Anywhere Real Estate Group LLC and Anywhere Co-Issuer Corp. as issuers and includes Wilmington Trust, National Association as trustee and collateral agent. The notes carry a 9.750% interest rate and were issued in a private offering to qualified institutional buyers and international investors. Proceeds from this issuance were utilized to repurchase $345 million of existing exchangeable notes, with the remainder earmarked for debt repayment. The agreement outlines covenants restricting the issuers' financial actions, which may be relaxed if the notes receive an investment-grade rating from major credit agencies.
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