debt
confidence high
sentiment positive
materiality 0.55
Cushman & Wakefield reprices $990M term loan, cuts interest margin 25 bps to SOFR+2.75%
Cushman & Wakefield Ltd.
- Repriced approximately $990 million of Term Loan due 2030; rate reduced from SOFR+3.00% to SOFR+2.75%.
- No change to maturity or other material terms of the credit facility.
- CFO Neil Johnston says transaction reinforces robust financial foundation and commitment to future growth.
- Repricing effective January 22, 2025; lenders reaffirmed support.