---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-228460"
form_type: "8-K"
ticker: "CWK"
cik: "0001628369"
company_name: "Cushman & Wakefield Ltd."
filed_at: "2025-10-02T23:59:59+00:00"
generated_at: "2026-05-17T04:55:57.906701+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Cushman & Wakefield reprices $840M term loan, rate cut 25 bps to SOFR+2.50%

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-228460
- form_type: 8-K
- ticker: CWK
- cik: 0001628369
- company_name: Cushman & Wakefield Ltd.
- filed_at: 2025-10-02T23:59:59+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/1628369/000119312525228460/0001193125-25-228460-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628369/000119312525228460/d84881d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-228460
- JSON: https://secwatch.observer/filing/0001193125-25-228460.json
- Plain text: https://secwatch.observer/filing/0001193125-25-228460.txt

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