---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-090857"
form_type: "8-K"
ticker: "CWK"
cik: "0001628369"
company_name: "Cushman & Wakefield Ltd."
filed_at: "2024-04-09T23:59:59+00:00"
generated_at: "2026-06-04T00:57:50.388586+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Cushman & Wakefield reprices $1.0B Term Loan, cuts rate 25 bps; prepays $50M debt

## Summary
- Repriced $1.0B Term Loan due 2030: interest rate reduced from SOFR+4.00% to SOFR+3.75%.
- Prepaid $50M of Term Loan due 2025 during Q1 2024.
- Estimated annual cash interest expense savings of approximately $6 million.
- No changes to maturity or other material terms of the Credit Agreement.

## SEC filing metadata
- accession: 0001193125-24-090857
- form_type: 8-K
- ticker: CWK
- cik: 0001628369
- company_name: Cushman & Wakefield Ltd.
- filed_at: 2024-04-09T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628369/000119312524090857/0001193125-24-090857-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628369/000119312524090857/d787643d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-090857
- JSON: https://secwatch.observer/filing/0001193125-24-090857.json
- Plain text: https://secwatch.observer/filing/0001193125-24-090857.txt

## Key facts
- Debt Financings
  Cushman & Wakefield Ltd. amended term loan of $1.0 billion of outstanding Term Loan with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR plus 3.75%.
  - Instrument: term loan
  - Principal: $1.0 billion of outstanding Term Loan
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Rate: Term SOFR plus 3.75%
  - Event: amendment
  source text: The Amendment repriced the Borrower’s Term Loan issued in August 2023 and due January 2030, reducing the applicable interest on the approximately $1.0 billion of outstanding Term Loan by 25 basis points from Term SOFR plus 4.00% to Term SOFR plus 3.75%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628369/000119312524090857/0001193125-24-090857-index.htm
- Material Agreements
  Cushman & Wakefield Ltd. amended Amendment with JPMorgan Chase Bank, N.A., as administrative agent, and other Lenders party thereto valued at approximately $1.0 billion (effective 2024-04-09).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and other Lenders party thereto
  - Value: approximately $1.0 billion
  - Effective: 2024-04-09
  source text: Cushman & Wakefield U.S. Borrower, LLC (the “Borrower”) and DTZ UK Guarantor Limited (“U.K. Guarantor”), each a wholly-owned subsidiary of Cushman & Wakefield plc, entered into an amendment effective April 9, 2024 (the “Amendment”) to the existing Credit Agreement between the Borrower, U.K. Guarantor, JPMorgan Chase Bank, N.A., as administrative agent, and other Lenders party thereto (as so amended, the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628369/000119312524090857/0001193125-24-090857-index.htm

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