debt
confidence high
sentiment neutral
materiality 0.60
CBRE issues $1.1B in senior notes to refinance 2026 notes and for corporate purposes
CBRE GROUP, INC.
- CBRE issued $600M of 4.800% notes due 2030 and $500M of 5.500% notes due 2035; closing expected May 12, 2025.
- Net proceeds will redeem all outstanding $1.1B of 4.875% senior notes due 2026, repay commercial paper, and for general corporate purposes.
- Redemption of 2026 notes is conditional on closing of new notes; redemption date expected May 28, 2025.
- Offering made under existing S-3 shelf; underwritten by Wells Fargo, BofA, J.P. Morgan, and NatWest.