Thursday, February 26, 2009

FW: Inman AM: Realogy says Apollo has its back

 

 

Mark Adamczyk

Realtor/Owner
ItsYourSale.com, Inc.
504 N. Wymore Road
Winter Park, FL 32789
Phone: 407-227-6263
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Mark@ItsYourSale.com

 

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From: Inman News Headlines [mailto:dailynews@inman.com]
Sent: Thursday, February 26, 2009 6:59 AM
To: mark@itsyoursale.com
Subject: Inman AM: Realogy says Apollo has its back

 

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Thursday, February 26, 2009

Realogy says Apollo has its back
Realogy Corp. reported a $1.9 billion loss for 2008 Tuesday, but the debt-burdened company's executives said they can count on financial assistance from private equity firm Apollo Management LP to stay in compliance with creditors and maintain cash flow through the end of the year.

Nearly all of the loss reported by Realogy -- $1.79 billion -- were noncash charges to goodwill, intangible assets and investments on the company's balance sheet ... CONTINUED

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