secwatch.observer — SEC 8-K summary
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Issuer:     JONES LANG LASALLE INC (JLL)
CIK:        0001037976
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001037976-23-000060
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JLL closes $400M offering of 6.875% senior notes due 2028
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- Net proceeds ~$393M after underwriting discounts and expenses.
- Proceeds for general corporate purposes and repayment of credit facility borrowings.
- Notes mature December 1, 2028; interest payable semi-annually starting June 1, 2024.
- Notes redeemable at make-whole price (U.S. Treasury rate + 40 bps) before Nov 1, 2028; thereafter at par.
- Change-of-control trigger requires repurchase at 101% of principal plus accrued interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037976/000103797623000060/0001037976-23-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037976/000103797623000060/jll-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001037976-23-000060

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