Anywhere announces proposed $500 million notes offering

NEW YORK - Anywhere Real Estate Inc. (NYSE: HOUS) announced Tuesday that its subsidiaries plan to issue $500 million in senior secured second lien notes due 2030, subject to market conditions. The debt offering comes as the company, currently valued at $450.58 million in market capitalization, manages a total debt load of $3.16 billion according to InvestingPro data.

The private offering, exempt from Securities Act registration requirements, will be conducted through subsidiaries Anywhere Real Estate Group LLC and Anywhere Co-Issuer Corp., according to a press release statement.

The notes will be guaranteed on an unsecured senior subordinated basis by Anywhere Real Estate Inc. and on a senior secured second priority lien basis by Anywhere Intermediate Holdings LLC and eligible U.S. subsidiaries that serve as guarantors under the company’s revolving credit facility.

Anywhere intends to use the proceeds to repurchase its 0.25% exchangeable senior notes due 2026 and repay a portion of outstanding borrowings under its revolving credit facility.

The notes and related guarantees will be offered only to qualified institutional buyers under Rule 144A of the Securities Act and to non-U.S. persons under Regulation S.

Anywhere Real Estate Inc. operates multiple real estate brands including Better Homes and Gardens Real Estate, CENTURY 21, Coldwell Banker, Corcoran, ERA, and Sotheby’s International Realty. The company provides franchise, brokerage, relocation, and title and settlement services through its network of franchise owners and approximately 300,000 affiliated agents globally.

The company noted that statements regarding the offering and use of proceeds are subject to market conditions and customary closing conditions, with no guarantee the offering will be completed as described.

In other recent news, Douglas Elliman Inc. has been in the spotlight due to a merger offer from Anywhere Real Estate Inc. The proposal reportedly values Douglas Elliman at over $4 per share, although it’s unclear if the offer will be accepted. This potential merger arrives at a time when Douglas Elliman is navigating legal challenges, and it could be a strategic move for both companies in the competitive real estate market. Meanwhile, Anywhere Real Estate has reported its financial results for the first quarter of 2025, revealing a larger-than-expected loss in earnings per share (EPS) of -$0.70, which fell short of the forecasted -$0.56. However, the company’s revenue slightly exceeded expectations, coming in at $1.2 billion, marking a 7% year-over-year increase. Despite the earnings miss, the stock showed resilience, reflecting investor confidence in the company’s strategic initiatives. Anywhere Real Estate continues to focus on innovation and operational efficiency, with ongoing investments in AI and technology to drive future growth.

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