debt
confidence high
sentiment neutral
materiality 0.50
CBRE subsidiary establishes $3.5B commercial paper program
CBRE GROUP, INC.
- CBRE Services, Inc. may issue up to $3.5B of short-term, unsecured commercial paper notes.
- Notes are fully and unconditionally guaranteed on an unsecured basis by CBRE Group.
- Net proceeds will be used for general corporate purposes; no notes issued to date.
- Program backstopped by available capacity under the unsecured revolving credit facility.
- Maturities not to exceed 397 days; notes sold under customary U.S. market terms.