Company: HOUS
Filing Date: 2025-09-22
Form Type: 425
Source: 0001193125-25-209980
Chunk: 3

Company: Anywhere Real Estate Inc.
Filing Date: 2025-09-22
Form: 425
Chunk 3
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 to the number of shares subject to such Anywhere Option Award immediately                                                                                                                                                |

| prior to the Effective Time multiplied by the Exchange Ratio, at an exercise price equal to the exercise price of the Anywhere Option Award divided by the Exchange Ratio. Each Adjusted Option 
 will otherwise be subject to the same terms and conditions applicable to the corresponding Anywhere Option Award, including vesting terms.                                                      |

| (c) | Anywhere Performance-Vesting Cash Awards and Time-Vesting Cash Awards: Each performance-vesting cash                                                                                                                                        
 award and time-vesting cash award of Anywhere will be assumed by the Company and continue to be subject to the same terms and conditions (including vesting and accelerated vesting); provided that any performance goals applicable to the 
 performance-vesting cash awards will be deemed achieved in the same manner as described above with respect to Anywhere PSU Awards.                                                                                                          |

Debt Financing Commitment In connection with its entry into the Merger Agreement, on September 22, 2025, the Company entered into a debt financing commitment letter and related fee letters with Morgan Stanley Senior Funding, Inc. (“ MSSF”), pursuant to which MSSF has committed to provide the Company with debt financing in an aggregate principal amount of up to $750 million in the form of a 364-daysenior secured bridge loan facility, subject to customary conditions and entry into definitive financing and ancillary documentation as set forth therein. The Company expects that the existing senior notes of Anywhere and its subsidiaries will remain in place following the closing. The net proceeds of the debt financing is expected to be used to refinance certain existing indebtedness of Anywhere and its subsidiaries and to pay fees, costs and expenses related thereto. The Company intends to refinance such existing indebtedness and fund the payment of such fees, costs and expenses through one or more capital markets transactions, subject to market conditions and other factors, and, only to the extent necessary, borrowings under the bridge loan facility. Company Stock Issuance The Company’s board of directors has, by unanimous written consent, (a) determined that the Merger Agreement and the transactions contemplated thereby, including the issuance of Company Class A Common Stock, pursuant to the Merger Agreement (the “ Company Stock Issuance”), are fair to, and in the best interests of, the Company and the Company’s stockholders, (b) approved and declared advisable the Merger Agreement and the transactions contemplated thereby, including the Merger and the Company Stock Issuance and (c) resolved