JONES LANG LASALLE INC (JLL): debt financing — JLL enters $400M uncommitted credit agreement with Societe Generale to reduce revolver debt

JONES LANG LASALLE INC

Uncommitted money market line credit agreement with Societe Generale for up to $400 million.
Proceeds to be used to reduce indebtedness under JLL's existing revolving credit facility.
Facility is uncommitted and discretionary; lender has no obligation to make any loan.
Interest and fees set at time of utilization, calculated on 360-day basis.
Effective November 3, 2022.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

JONES LANG LASALLE INC incurred credit facility of up to $400 million with Societe Generale.

Instrument: credit facility
Principal: up to $400 million
Counterparty: Societe Generale
Event: incurrence

Exact text from the filing

On November 3, 2022, Jones Lang LaSalle Incorporated (the “Company”) entered into an uncommitted credit agreement (the “Agreement”) with Societe Generale. The Agreement allows for discretionary short-term liquidity of up to $400 million.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

JONES LANG LASALLE INC entered into Agreement with Societe Generale valued at up to $400 million (effective 2022-11-03).

Action: entry
Agreement: credit facility
Counterparty: Societe Generale
Value: up to $400 million
Effective: 2022-11-03

Exact text from the filing

On November 3, 2022, Jones Lang LaSalle Incorporated (the “Company”) entered into an uncommitted credit agreement (the “Agreement”) with Societe Generale. The Agreement allows for discretionary short-term liquidity of up to $400 million.

View on SEC.gov

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Source: SEC EDGAR

accession 0001037976-22-000038

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