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Realogy Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares

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Realogy Holdings Corp. (NYSE: RLGY) announced Friday that the underwriters of its initial public offering exercised in full their option to purchase an additional 6 million shares of common stock from the company at the initial public offering price, less underwriting discounts and commissions. As a result, the total initial public offering size is 46 million shares of common stock. Closing of the sale of the additional shares is expected to occur on October 16, 2012.

The company expects to receive proceeds from the sale of the additional 6 million shares, net of underwriters’ discounts and commissions and estimated offering expenses, of approximately $154 million, resulting in aggregate net proceeds from the offering of approximately $1.2 billion. Realogy intends to use the net proceeds of the offering primarily to repay outstanding debts.

Goldman, Sachs & Co., J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are acting as the joint book runners for the offering. Citigroup, Wells Fargo Securities and Band of America Merrill Lynch are acting as lead co-managers and Credit Agricole Securities (USA) Inc., Comerica Securities, Inc., CRT Capital Group LLC, Houlihan Lokey Capital, Inc., Lebenthal & Co., LLC, Loop Capital Markets LLC and Apollo Global Securities, LLC are acting as co-managers.

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