Company: HOUS
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001398987-25-000067
Chunk: 80

Company: Anywhere Real Estate Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 80
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 a return of capital from Guaranteed Rate Affinity in 2025.

For the three months ended March 31, 2025, $109 million of cash was provided by financing activities compared to $134 million of cash provided by financing activities during the same period in 2024. For the three months ended March 31, 2025, $109 million of cash was provided by financing activities primarily due to $120 million of additional borrowings under the Revolving Credit Facility, partially offset by:

•$5 million net decrease in securitization borrowings; and

•$4 million of other financing payments primarily related to contracts and finance leases.

For the three months ended March 31, 2024, $134 million of cash was provided by financing activities primarily due to $153 million of additional borrowings under the Revolving Credit Facility, partially offset by:

•$6 million of other financing payments primarily related to contracts and finance leases;

•$5 million of quarterly amortization payments on the term loan facilities; and

•$5 million net decrease in securitization borrowings.

Financial Obligations

See Note 4, "Short and Long-Term Debt", to the Condensed Consolidated Financial Statements, for information on the Company's indebtedness as of March 31, 2025.

Covenants under the Senior Secured Credit Facility and Indentures; Events of Default

The Senior Secured Credit Agreement and the indentures governing the Unsecured Notes and 7.00% Senior Secured Second Lien Notes contain various covenants that limit (subject to certain exceptions) Anywhere Group’s ability to, among other things:

•incur or guarantee additional debt or issue disqualified stock or preferred stock;

•pay dividends or make distributions to Anywhere Group’s stockholders, including Anywhere;

•repurchase or redeem capital stock;

•make loans, investments or acquisitions;

•incur restrictions on the ability of certain of Anywhere Group's subsidiaries to pay dividends or to make other payments to Anywhere Group;

•enter into transactions with affiliates;

•create liens;

•merge or consolidate with other companies or transfer all or substantially all of Anywhere Group's and its material subsidiaries' assets;

•transfer or sell assets, including capital stock of subsidiaries; and

•prepay, redeem or repurchase subordinated indebtedness.

As a result of the covenants to which we remain subject, we are limited in the manner in which we conduct our business and we may be unable