Cushman & Wakefield Ltd. (CWK): debt financing — Cushman & Wakefield reprices $948M term loan due 2030, reduces rate by 50 bps to SOFR+2.75%

Cushman & Wakefield Ltd.

Repriced ~$948M term loan due Jan 2030: interest rate cut from SOFR+3.25% to SOFR+2.75% (50 bps reduction).
Prepaid $25M in June 2025; aggregate year-to-date debt repayment totals $50M.
Maturity and all other terms and covenants remain substantially unchanged.
CFO Neil Johnston cites lower margin since going public, balanced capital allocation strategy.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Cushman & Wakefield Ltd. amended credit facility of approximately $948 million with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR plus 2.75% maturing January 2030.

Instrument: credit facility
Principal: approximately $948 million
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Rate: Term SOFR plus 2.75%
Maturity: January 2030
Event: amendment

Exact text from the filing

The Amendment repriced the Borrower’s Term Loan issued in October 2024 and due January 2030, reducing the applicable interest on the approximately $948 million of outstanding Term Loan by 50 basis points from Term SOFR plus 3.25% to Term SOFR plus 2.75%.

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Cushman & Wakefield Ltd. filing history →

Source: SEC EDGAR

accession 0001193125-25-161918

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