Item 8.01. Other Events.
OnMarch 29, 2022 ,Realogy Holdings Corp. (the "Company") announced the closing of the transactions contemplated by its previously announced strategic agreement withCenterbridge Partners, L.P. ("Centerbridge"). Under the strategic agreement, the Company's wholly owned subsidiary,Realogy Title Group LLC , sold its title insurance underwriter,Title Resources Guaranty Company (the "Underwriter") to an affiliate of Centerbridge for$210 million in cash and a 30% equity stake in the form of common units in a newly formed title insurance underwriter joint venture (which indirectly owns the Underwriter). The Company's joint venture partners own the remaining 70% equity stake in the joint venture in the form of preferred units that carry liquidation preference rights. The Company continues to ownRealogy Title Group , which includes the Company's full-service title, escrow and settlement services business and its minority interest in its mortgage origination joint venture.
A copy of the press release announcing the closing of the transactions contemplated by the strategic agreement is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release datedMarch 29, 2022 . 104 Cover Page Interactive
Data File (embedded within the Inline
XBRL document).
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