debt
confidence high
sentiment neutral
materiality 0.50
Cushman & Wakefield subsidiary plans $500M senior secured notes due 2031 offering
Cushman & Wakefield Ltd.
- Up to $500M aggregate principal amount of senior secured notes due 2031 to be offered by Cushman & Wakefield U.S. Borrower, LLC.
- Proceeds together with a new 2030 term loan will refinance all or part of existing $1.6B term loan due August 2025.
- Notes offered in private placement under Rule 144A and Regulation S; not registered under Securities Act.
- Notes guaranteed by DTZ UK Guarantor Limited and certain domestic and UK restricted subsidiaries.