Why Shares of Realogy Holdings Are Falling Today
Shares of the real estate brokerage and title and escrow company Realogy Holdings (NYSE: RLGY) fell by nearly 10% at one point this morning after the company announced that it plans to raise $300 million in debt.
Realogy, which franchises brokerage brands such as Century 21, Coldwell Banker, and Sotheby's International Realty, is proposing to issue $300 million of exchangeable senior notes that will come due in 2026 in a private offering.
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Source Fool.com
