Simpson Thacher represented PJT Partners LP, as dealer manager, in connection with exchanges by Anywhere Real Estate Group LLC (“Anywhere”, f/k/a/ Realogy Group LLC) and Anywhere Co-Issuer Corp. (the “Co-Issuer”) of a portion of their outstanding 5.75% Senior Notes due 2029 and 5.25% Senior Notes due 2030 issued for new 7% Second Lien Senior Secured Notes due 2030 issued by Anywhere and the Co-Issuer.
The notes are guaranteed on an unsecured senior subordinated basis by Anywhere Real Estate Inc. and on a senior secured second priority basis by Anywhere Intermediate Holdings LLC and each of Anywhere’s existing and future U.S. direct or indirect restricted subsidiaries (other than the Co-Issuer) that is a guarantor under its secured credit facilities and its outstanding debt securities, subject to certain exceptions.
Anywhere is a leader of integrated residential real estate services in the U.S. Anywhere delivers its services through its portfolio of industry leading franchise brokerage brands, including Better Homes and Gardens® Real Estate, Century 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA® and Sotheby's International Realty®.
The Simpson Thacher team for the transaction included, among others, Art Robinson, Marisa Stavenas, Dave Azarkh, John O’Connell, Ben Pittenger and Ziang Zhou (Capital Markets); Bill Sheehan, Dorothy Hector and Callie Robins (Banking & Credit); Soogy Lee and Jon Pall (Collateral); Michael Mann and Kris Liu (Tax); Courtney Welshimer and Bobbie Burrows (Intellectual Property); Jeanne Annarumma and Sara Mazurek (Executive Compensation and Employee Benefits); Steven DeLott (Insurance); Michael Isby (Environmental); Tim Gallagher (Real Estate); and Jennie Getsin (Blue Sky).