debt
confidence high
sentiment neutral
materiality 0.60
JLL establishes $2.5B commercial paper program via subsidiary Jones Lang LaSalle Finance B.V.
JONES LANG LASALLE INC
- Program allows up to $2.5B of short-term, unsecured commercial paper notes at any time.
- Notes fully and unconditionally guaranteed on an unsecured basis by JLL.
- Maturities up to 397 days; proceeds for general corporate purposes, including repaying credit facility.
- No notes issued as of June 27, 2024; notes exempt from SEC registration.
- Program ranks pari passu with other unsecured unsubordinated debt of issuer and JLL.