---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-161918"
form_type: "8-K"
ticker: "CWK"
cik: "0001628369"
company_name: "Cushman & Wakefield Ltd."
filed_at: "2025-07-21T23:59:59+00:00"
generated_at: "2026-05-18T05:07:42.703597+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Cushman & Wakefield reprices $948M term loan due 2030, reduces rate by 50 bps to SOFR+2.75%

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-161918
- form_type: 8-K
- ticker: CWK
- cik: 0001628369
- company_name: Cushman & Wakefield Ltd.
- filed_at: 2025-07-21T23:59:59+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/1628369/000119312525161918/0001193125-25-161918-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628369/000119312525161918/d74654d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-161918
- JSON: https://secwatch.observer/filing/0001193125-25-161918.json
- Plain text: https://secwatch.observer/filing/0001193125-25-161918.txt

## Key facts
- Debt Financings
  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
  source text: 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%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628369/000119312525161918/0001193125-25-161918-index.htm

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