Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CBRE GROUP, INC. incurred credit facility of €366,500,000 in Euro-denominated term loans and $350,000,000 in U.S. Dollar-denominated term loans with Wells Fargo Bank, National Association, as administrative agent at Term SOFR plus 10 basis points (USD) or EURIBOR (EUR), plus applicable margin maturing July 10, 2028.
- Instrument
- credit facility
- Principal
- €366,500,000 in Euro-denominated term loans and $350,000,000 in U.S. Dollar-denominated term loans
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent
- Rate
- Term SOFR plus 10 basis points (USD) or EURIBOR (EUR), plus applicable margin
- Maturity
- July 10, 2028
- Event
- incurrence
Exact text from the filing
The Credit Agreement provides for a senior unsecured term loan credit facility comprised of (a) tranche A Euro-denominated term loans in an aggregate principal amount of €366,500,000 and (b) tranche A U.S. Dollar-denominated term loans in an aggregate principal amount of $350,000,000, in each case, provided to the Borrower on the closing date. The proceeds of
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CBRE GROUP, INC. entered into Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto valued at €366,500,000 and $350,000,000 (effective 2023-07-10).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto
- Value
- €366,500,000 and $350,000,000
- Effective
- 2023-07-10
Exact text from the filing
On July 10, 2023, the Company entered into a new five year senior unsecured Credit Agreement (the “ Credit Agreement ”), by and among the Company, CBRE Services, Inc., a Delaware corporation (“ CBRE Services ”), Relam Amsterdam Holdings B.V., a Dutch private company with limited liability ( besloten vennootschap met beperkte aanprakelijkheid ) organized under the laws of the Netherlands (the “ Borrower ”), the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent (“ Wells Fargo ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CBRE GROUP, INC. terminated Existing Credit Agreement valued at €400,000,000 (effective 2023-07-10).
- Action
- termination
- Agreement
- credit facility
- Value
- €400,000,000
- Effective
- 2023-07-10
Exact text from the filing
In connection with using the proceeds of the term loans under the Credit Agreement to repay all of the €400,000,000 principal amount of loans, plus accrued and unpaid interest, under the Existing Credit Agreement, on July 10, 2023, the Existing Credit Agreement was terminated.
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