debt
confidence high
sentiment neutral
materiality 0.50
CBRE GROUP, INC. (CBRE): debt financing — CBRE Services issues $750M 4.900% Senior Notes due 2033; proceeds to repay commercial paper for Pearce acquisition
CBRE GROUP, INC.
- Issued $750M aggregate principal of 4.900% Senior Notes due January 15, 2033.
- Notes are fully and unconditionally guaranteed by CBRE Group, Inc. on a senior unsecured basis.
- Net proceeds will repay commercial paper borrowings used for the Pearce Services, LLC acquisition and other corporate purposes.
- Interest payable semi-annually on January 15 and July 15, beginning July 15, 2026.
- Underwriters include Wells Fargo Securities, BofA Securities, Citigroup Global Markets, and J.P. Morgan Securities.