We advised the joint bookrunners and agent on the facility

Davis Polk advised the joint bookrunners and administrative agent in connection with a $550 million senior secured term loan facility and a $40 million senior secured revolving facility for The Real Brokerage Inc.’s acquisition of RE/MAX Holdings, Inc.

Real Brokerage is a real estate experience company working to make life’s most complex transaction simpler. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence in all 50 U.S. states and Canada, Real Brokerage supports more than 33,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.

RE/MAX Holdings is one of the world’s leading franchisors in the real estate industry, franchising real estate brokerages globally under the REMAX brand, and mortgage brokerages within the United States under the Motto Mortgage brand. REMAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Now with more than 145,000 agents in nearly 8,500 offices and a presence in more than 120 countries and territories, nobody in the world sells more real estate than REMAX, as measured by total residential transaction sides.

The Davis Polk finance team includes partner Christopher Nairn-Kim, counsel Michael D. Arena and associates Jenelle L. Davis and Renee G. Levin. The national security team included associate Patrick Q. Sullivan. The executive compensation team included counsel Justin Alexander Kasprisin. The intellectual property team included counsel Michael Comstock. All members of the Davis Polk team are based in the New York and Washington DC offices.

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