Company: HOUS
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001398987-25-000020
Chunk: 19

Company: Anywhere Real Estate Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 19
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 expect the payment to occur no earlier than mid-2025. In addition, in January 2025, the Company entered into a settlement of its Bumpus (TCPA) litigation pursuant to which it will pay $20 million, subject to preliminary and final approval of the court. See Note 15, "Commitments and Contingencies", to the Consolidated Financial Statements for more information.

As further described in Note 15, "Commitments and Contingencies—Litigation—Cendant Corporate Liabilities and Legacy Tax Matter", the California Office of Tax Appeals has declined the Company’s petition for a rehearing of its legacy tax matter, and the tax assessment, which as of December 31, 2024 is accrued at $40 million, is anticipated to become payable 

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when Avis Budget Group receives notice from California which could be as early as first quarter of 2025, even if the Company seeks further judicial relief.

Our material cash requirements from known contractual and other obligations as of December 31, 2024, were as follows:

Debt Obligations (including Interest Payments). As of December 31, 2024, the principal amount of our total short-term and long-term debt was $2,540 million, which includes:

•$2,050 million of fixed interest rate debt with a weighted average interest rate of 4.95%; and 

•$490 million of variable interest rate debt under our Revolving Credit Facility.

At December 31, 2024, the interest rate on the outstanding amounts under our Revolving Credit Facility was 6.18%, which is based on Term Secured Overnight Financing Rate ("SOFR") plus a 10 basis point credit spread adjustment plus an additional margin subject to adjustment based on our current senior secured leverage ratio. From time to time, the Company may utilize interest rate swap arrangements to manage our exposure to changes in interest rates associated with our variable interest rate debt, but no such arrangements were in place as of December 31, 2024.

Based on our debt profile as of December 31, 2024, we expect to pay approximately $130 million in cash interest payments in 2025 to service our fixed and variable rate debt which will fluctuate based on the then-applicable interest rate and amounts outstanding. The maturity date of the Revolving Credit Facility is July 27, 2027; however, may spring forward to March 16, 2026 if the 0.25% Exchangeable Senior Notes have