CBRE Replaces Existing $1 Billion 364-Day Revolving Credit Facility

MT Newswires Live

06/24

CBRE (CBRE) entered into a new $1 billion senior unsecured 364-day revolving credit facility led by Wells Fargo Bank, replacing a similar agreement set to mature on June 23, the company said Wednesday.

The facility, available to subsidiary CBRE Services, matures on June 22, 2027, with borrowings priced at rates linked to Term SOFR or a base rate, depending on the company's credit ratings.

CBRE Services will pay facility fees based on the company's credit ratings, and the agreement permits voluntary prepayments and commitment reductions without penalties, the company added.

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