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Basis Of Presentation Financial Instruments - Fair Value Indebtedness Table (Details) - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Outstanding borrowings, securitization obligations $ 335 $ 269
Secured Debt [Member] | Term Loan B Facility    
Long-term debt outstanding amount 1,858 [1] 1,871
Long-term debt fair value [2] 1,854 1,834
Secured Debt [Member] | 7.625% First Lien Notes    
Long-term debt outstanding amount 593 [3] 593
Long-term debt fair value [2] 622 633
Secured Debt [Member] | 9.00% First and a Half Lien Notes    
Long-term debt outstanding amount 196 196
Long-term debt fair value [2] 207 215
Senior Notes [Member] | 3.375% Senior Notes    
Long-term debt outstanding amount 500 500
Long-term debt fair value [2] 498 500
Senior Notes [Member] | 4.50% Senior Notes    
Long-term debt outstanding amount 450 450
Long-term debt fair value [2] 447 449
Senior Notes [Member] | 5.25% Senior Notes    
Long-term debt outstanding amount 300 300
Long-term debt fair value [2] 305 291
Line of Credit [Member] | Revolving Credit Facility    
Line of credit facility outstanding amount 0 [3],[4] 0
Line of credit facility fair value [2] 0 0
Securitization obligations    
Outstanding borrowings, securitization obligations 335 269
Securitization obligations, fair value [2] $ 335 $ 269
[1] Consists of a $1,872 million Term Loan B, less a discount of $14 million. There is 1% per annum amortization of principal. The interest rate with respect to the Term Loan B Facility is based on, at Realogy Group’s option, (a) adjusted LIBOR plus 3.00% (with a LIBOR floor of 0.75%) or (b) JPMorgan Chase Bank, N.A.’s prime rate ("ABR") plus 2.00% (with an ABR floor of 1.75%).
[2] The fair value of the Company's indebtedness is categorized as Level I.
[3] See Note 11, "Subsequent Events" for a description of the October 2015 amendment of the Senior Secured Revolving Credit Facility and entry into a new Senior Secured Term Loan A Facility. The net proceeds of the Term Loan A Facility together with revolver borrowings were used to discharge the First Lien Notes in October 2015. As of November 3, 2015, after giving effect to the amendment of the facility, the Company had no outstanding borrowings on the Revolving Credit Facility, leaving $815 million of available capacity.
[4] Interest rates with respect to revolving loans under the Senior Secured Credit Facility at September 30, 2015 were based on, at Realogy Group’s option, (a) adjusted LIBOR plus 2.75% or (b) JPMorgan Chase Bank, N.A.'s prime rate ("ABR") plus 1.75%.