---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-209109"
form_type: "8-K"
ticker: "CWK"
cik: "0001628369"
company_name: "Cushman & Wakefield Ltd."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T17:46:40.489571+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Cushman & Wakefield unit prices $400M 8.875% notes due 2031; upsizes term loan to $1B

## Summary
- Issuer prices $400M senior secured notes at 8.875% due 2031, reduced from previously announced $500M.
- Concurrent $1B new term loan facility (2030 maturity) upsized from $700M.
- Combined proceeds used to refinance $1.4B of existing 2025 senior secured term loan.
- Remaining $193M of 2025 term loan expected to be repaid with on-hand cash.
- Offering expected to close on August 24, 2023, subject to customary conditions.

## SEC filing metadata
- accession: 0001193125-23-209109
- form_type: 8-K
- ticker: CWK
- cik: 0001628369
- company_name: Cushman & Wakefield Ltd.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628369/000119312523209109/0001193125-23-209109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628369/000119312523209109/d507733d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-209109
- JSON: https://secwatch.observer/filing/0001193125-23-209109.json
- Plain text: https://secwatch.observer/filing/0001193125-23-209109.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.