debt
confidence high
sentiment positive
materiality 0.55
Cushman & Wakefield reprices $840M term loan, rate cut 25 bps to SOFR+2.50%
Cushman & Wakefield Ltd.
- Interest rate reduced from Term SOFR + 2.75% to + 2.50%, lowest margin since IPO in 2018.
- Term loan due January 2030; maturity and all other material terms unchanged.
- Year-to-date debt repayment totals $200M, with $400M repaid since start of 2024.
- Company prepaid $150M of the term loan in August 2025 prior to this repricing.
- CFO Neil Johnston cites strong momentum behind strategy and lender commitment.
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