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

Company: Anywhere Real Estate Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 25
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ated Balance Sheets. Interest incurred in connection with borrowings under the facility amounted to $2 million for both the three months ended March 31, 2025 and 2024. This interest is recorded within net revenues in the accompanying Condensed Consolidated Statements of Operations as related borrowings are utilized to fund Anywhere Group's relocation operations where interest is generally earned on such assets. The securitization obligations represent floating rate debt for which the average weighted interest rate was 7.1% and 8.6% for the three months ended March 31, 2025 and 2024, respectively.Maturities TableAs of March 31, 2025, the combined aggregate amount of maturities for long-term borrowings for the remainder of 2025 and each of the next four years is as follows:YearAmountRemaining 2025 (a)$610 2026403 2027— 2028— 2029558 _______________(a)Outstanding borrowings under the Revolving Credit Facility expire in July 2027 (subject to earlier springing maturity) but are classified on the balance sheet as current due to the revolving nature of borrowings and terms and conditions of the facility.

5.    RESTRUCTURING COSTS

Restructuring charges were $12 million and $11 million for the three months ended March 31, 2025 and 2024, respectively. The components of the restructuring charges were as follows: Three Months Ended March 31, 2025 2024Personnel-related costs (a)$3 $5 Facility-related costs (b)7 6 Other (c)2 — Total restructuring charges (d)$12 $11 _______________(a)Personnel-related costs consist of severance costs provided to employees who have been terminated.(b)Facility-related costs consist of costs associated with planned facility closures such as contract termination costs, amortization of lease assets that will continue to be incurred under the contract for its remaining term without economic benefit to the Company, accelerated depreciation on asset disposals and other facility and employee relocation related costs.(c)Other restructuring costs consist of costs related to professional fees, consulting fees and other costs associated with restructuring activities which are primarily recorded at Corporate.(d)Restructuring charges for the three months ended March 31, 2025 include $8 million of expense related to the Reimagine25 Plan and $4 million of expense related to prior restructuring