Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Cushman & Wakefield Ltd. amended credit facility with JPMorgan Chase Bank, N.A., as administrative agent at Term Secured Overnight Financing Rate plus an applicable credit spread adjustmen.
- Instrument
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- Term Secured Overnight Financing Rate plus an applicable credit spread adjustmen
- Event
- amendment
Exact text from the filing
Cushman & Wakefield U.S. Borrower, LLC (the “Borrower”) and DTZ UK Guarantor Limited (“U.K. Guarantor”), each a subsidiary of Cushman & Wakefield plc, entered into an amendment effective June 28, 2023 (the “Amendment”) to the existing Credit Agreement between the Borrower, U.K. Guarantor and JPMorgan Chase Bank, N.A., as administrative agent (as so amended, the “Credit Agreement”). The Amendment replaces the LIBOR-based reference interest rate option for the Replacement Term Loans (as defined in the Credit Agreement) with a reference interest rate option based on the Term Secured Overnight Financing Rate plus an applicable credit spread adjustment (subject to a minimum floor of 0.00%).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Cushman & Wakefield Ltd. amended Amendment with JPMorgan Chase Bank, N.A., as administrative agent (effective 2023-06-28).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Effective
- 2023-06-28
Exact text from the filing
Cushman & Wakefield U.S. Borrower, LLC (the “Borrower”) and DTZ UK Guarantor Limited (“U.K. Guarantor”), each a subsidiary of Cushman & Wakefield plc, entered into an amendment effective June 28, 2023 (the “Amendment”) to the existing Credit Agreement between the Borrower, U.K. Guarantor and JPMorgan Chase Bank, N.A., as administrative agent (as so amended, the “Credit Agreement”).
View on SEC.gov