secwatch.observer — SEC 8-K summary
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Issuer:     Cushman & Wakefield Ltd. (CWK)
CIK:        0001628369
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001193125-23-180424
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cushman & Wakefield amends credit agreement to replace LIBOR with Term SOFR
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- Amendment No. 5, effective June 28, 2023, replaces LIBOR-based rates with Term SOFR plus credit spread adjustment for Replacement Term Loans.
- No other material changes to representations, warranties, covenants, or events of default in the Credit Agreement.
- Amendment executed by Cushman & Wakefield U.S. Borrower, LLC and JPMorgan Chase Bank, N.A., as administrative agent.
- Transition aligns with industry-wide LIBOR discontinuation; no change in total debt outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1628369/000119312523180424/0001193125-23-180424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1628369/000119312523180424/d367652d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-180424

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