Company: HOUS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001398987-25-000108
Chunk: 131

Company: Anywhere Real Estate Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 131
---
 was provided by financing activities primarily due to:

•$150 million of net cash received related to the issuance of 9.75% Senior Secured Second Lien Notes and repurchase of a portion of the Exchangeable Senior Notes in the second quarter of 2025;

•$120 million of additional borrowings under the Revolving Credit Facility;

•$40 million net increase in securitization borrowings; and

•$19 million of proceeds from the sale of a 10% preferred equity interest in certain of the Company's title and escrow entities that has a mandatorily redeemable feature,

partially offset by $11 million of other financing payments primarily related to contracts and finance leases.

For the six months ended June 30, 2024, $136 million of cash was provided by financing activities primarily due to: 

•$125 million of additional borrowings under the Revolving Credit Facility; and

•$37 million net increase in securitization borrowings, 

partially offset by:

•$13 million of other financing payments primarily related to contracts and finance leases; and

•$10 million of quarterly amortization payments on the term loan facilities.

44

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 June 30, 2025.

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

The Senior Secured Credit Agreement and the indentures governing the Unsecured Notes and 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