secwatch.observer — SEC 8-K summary
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Issuer:     Cushman & Wakefield Ltd. (CWK)
CIK:        0001628369
Form:       8-K
Filed at:   2026-06-04T10:20:22+00:00
Accession:  0001628369-26-000098
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Cushman & Wakefield refinances $848M term loans, redeems $350M 6.75% notes
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- Amends credit agreement: ~$848M term loans matured to 2033, upsized by ~$353M.
- New pricing on amended loans: Term SOFR + 2.25% or Base Rate + 1.25% per annum.
- Redeeming $350M of $550M 6.750% Senior Secured Notes due 2028 on June 15, 2026.
- Redemption conditional on sufficient refinancing proceeds; remaining $840M term loans unchanged.
- Soft-call premium reset to 1.00% for repricing within six months of amendment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1628369/000162836926000098/0001628369-26-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1628369/000162836926000098/cwk-20260604.htm
  HTML page:      https://secwatch.observer/filing/0001628369-26-000098

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