M
ME NEWS
13 May 2025, 22:23
CBRE Group Completes $1.1 Billion Senior Notes Offering to Strengthen Capital Structure
CBRE Group, Inc., through its subsidiary CBRE Services, Inc., completed a $1.1 billion public debt offering comprised of two tranches: $600 million of 4.800% Senior Notes due 2030 and $500 million of 5.500% Senior Notes due 2035. The notes are fully and unconditionally guaranteed by CBRE Group, Inc.
Proceeds from the offering will be used to redeem CBRE Services’ outstanding 4.875% senior notes due 2026, repay commercial paper borrowings, and support other corporate initiatives. The new notes are unsecured and rank equally with existing senior debt. Key covenants in the indenture limit liens, sale/leasebacks, and mergers.
This move enhances the company’s debt maturity profile while leveraging favorable market conditions for long-term financing.
CBRE Group, Inc., through its subsidiary CBRE Services, Inc., completed a $1.1 billion public debt offering comprised of two tranches: $600 million of 4.800% Senior Notes due 2030 and $500 million of 5.500% Senior Notes due 2035. The notes are fully and unconditionally guaranteed by CBRE Group, Inc.
Proceeds from the offering will be used to redeem CBRE Services’ outstanding 4.875% senior notes due 2026, repay commercial paper borrowings, and support other corporate initiatives. The new notes are unsecured and rank equally with existing senior debt. Key covenants in the indenture limit liens, sale/leasebacks, and mergers.
This move enhances the company’s debt maturity profile while leveraging favorable market conditions for long-term financing.