Cushman & Wakefield to Amend Credit Facility, Partially Redeem 2028 Notes

MT Newswires Live

06/04

Cushman & Wakefield (CWK) plans to amend the terms of its $848 million outstanding borrowings under its senior secured loan facility and redeem a portion of its senior secured notes due 2028, the company said in a Thursday filing.

The amendment includes extending the maturity of the loan facility to 2033, increasing borrowings by about $353 million and implementing a variable interest rate based on secured overnight financing rate plus a 2.25% margin or a base rate plus 1.25%, the company said.

The amendment does not change the terms of another existing loan tranche maturing in 2025, the company said.

Cushman & Wakefield added it will redeem $350 million of its $550 million 6.75% senior secured notes due 2028, with completion expected June 15, 2026.

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Wakefield (CWK) plans to amend the terms of its $848 million outstanding borrowings under its senior secured loan facility and redeem a portion of its senior secured notes due 2028, the company said in a Thursday filing.</p><p>The amendment includes extending the maturity of the loan facility to 2033, increasing borrowings by about $353 million and implementing a variable interest rate based on secured overnight financing rate plus a 2.25% margin or a base rate plus 1.25%, the company said.</p><p>The amendment does not change the terms of another existing loan tranche maturing in 2025, the company said.</p><p>Cushman &amp; Wakefield added it will redeem $350 million of its $550 million 6.75% senior secured notes due 2028, with completion expected June 15, 2026.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4598","symbol_name":"佩洛西持倉","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2640154389","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640154389","pubTimestamp":1780571048,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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