Highest-materiality recent filing
Cushman & Wakefield upsizes term loan to $1.2B, extends to 2033, redeems $350M of 6.75% notes
Upsized term loan tranche by $353M to $1.2B total; maturity extended to 2033; pricing reduced 50bps to SOFR+2.25%.
Cushman & Wakefield refinances $848M term loans, redeems $350M 6.75% notes
Amends credit agreement: ~$848M term loans matured to 2033, upsized by ~$353M.
Cushman & Wakefield redeems $100M of 6.750% Senior Secured Notes due 2028
Completed partial redemption of $100M of its 6.750% Senior Secured Notes due May 2028.
Cushman & Wakefield shareholders approve 2026 omnibus incentive plan, elect three directors
Shareholders approved 2026 Omnibus Plan (191.4M for, 17.2M against); authorizes 12.15M new shares + 291,984 carryover.
Cushman & Wakefield reports highest Q1 revenue at $2.54B; adjusted EPS +67% to $0.15
Revenue $2.54B, +11% YoY; Leasing +19%, Services +9%, Capital Markets +15%.
Cushman & Wakefield partially redeems $100M of its 6.750% Senior Secured Notes due 2028
Issuer elected to redeem $100M of the $650M outstanding 6.750% Senior Secured Notes due May 2028.
Cushman & Wakefield changes financial reporting; recasts 2024-2025 quarterly data
No longer reports service line fee revenue or certain non-GAAP measures (Adjusted EBITDA margin, segment operating expenses, fee-based operating expenses).
Cushman & Wakefield reports record Q4 and full year 2025 revenue, 34% adjusted EPS growth
Q4 revenue of $2.9 billion rose 11% (10% in constant currency) from Q4 2024, a company record.
Adjusted EPS growth target of 15-20% annually for FY2026-2028.
Cushman & Wakefield completes redomiciliation from England to Bermuda effective Nov 27, 2025
All Old Cushman & Wakefield plc shares cancelled; shareholders received common shares of new Bermuda parent on a one-for-one basis.
Revenue $2.6B, +11% YoY; service line fee revenue $1.8B, +9%. Capital markets revenue +21%, leasing +9%.
Cushman & Wakefield amends credit facility, extends maturity to Oct 2030, revolver reduced to $1.0B
Revolving commitments reduced from $1.1B to $1.0B to align with improved working capital management.
Shareholders approved redomiciliation with 95.22%–99.99% of votes cast across all proposals at Oct 16 meetings.
Cushman & Wakefield reprices $840M term loan, rate cut 25 bps to SOFR+2.50%
Interest rate reduced from Term SOFR + 2.75% to + 2.50%, lowest margin since IPO in 2018.
Cushman & Wakefield Q2 revenue up 9% to $2.5B; adj EPS $0.30 vs $0.20
Revenue $2.5B (+9% YoY); net income $57.3M vs $13.5M; diluted EPS $0.25 vs $0.06.
Cushman & Wakefield reprices $948M term loan due 2030, reduces rate by 50 bps to SOFR+2.75%
Repriced ~$948M term loan due Jan 2030: interest rate cut from SOFR+3.25% to SOFR+2.75% (50 bps reduction).
Brett White resigns as Chairman/director effective July 31, 2025; will consult for $5,000/month through Feb 28, 2026.
Shareholders approved Third Amended & Restated 2018 Omnibus Plan, adding ~9.4M ordinary shares for future equity grants.
Cushman & Wakefield Q1 net income $1.9M vs loss $28.8M; adjusted EBITDA +23%
Revenue $2.3B (+5% YoY); leasing +8%, capital markets +11% drove growth.
Cushman & Wakefield proposes redomicile to Bermuda; expects approval in H2 2025
Filed preliminary proxy on March 28, 2025 for shareholder vote on redomiciling from England & Wales to Bermuda.
Cushman & Wakefield Q4 net income $112.9M, up 62%; capital markets revenue +35%
Q4 revenue $2.63B (+3% YoY); Leasing +6%, Capital markets +35%, Services -3%.
Cushman & Wakefield reprices $990M term loan, cuts interest margin 25 bps to SOFR+2.75%
Repriced approximately $990 million of Term Loan due 2030; rate reduced from SOFR+3.00% to SOFR+2.75%.
Cushman & Wakefield Q3 net income $33.7M vs loss; leasing grows 13% YoY
Net income of $33.7M ($0.14 diluted EPS) vs net loss of $33.9M a year ago; adjusted diluted EPS $0.23.
Cushman & Wakefield reprices $1B Term Loan, reduces rate by 50 bps; fully repays 2025 debt
Approximately $1.0B Term Loan repriced; interest reduced 50 bps to SOFR+3.25%.
Cushman & Wakefield Q2 2024: revenue $2.3B (-5% YoY), net income $13.5M, leasing grows 2%
Revenue $2.3B, down 5% YoY; leasing up 2% driven by Americas and APAC.
Cushman & Wakefield reprices $1.0B Term Loan, saves ~$14M annually; prepays additional $45M debt
Repriced ~$1.0B Term Loan due 2030, reducing margin by 25 bps to Term SOFR + 3.00%.
TPG-backed director Jonathan Coslet resigns; shareholder agreement terminates
Jonathan Coslet resigned from the Cushman & Wakefield board effective June 7, 2024, with no disagreements cited.
Selling shareholders (including TPG and PAG Asia Capital) offer 26,513,041 ordinary shares; Cushman & Wakefield is not selling any shares.
Shareholders approve amended equity incentive plans at annual meeting
All director nominees elected: Michelle MacKay (196.8M for), Angela Sun (139.8M for), Rajesh Vennam (187.3M for).
Brett White transitions from Executive Chairman to non-Executive Chairman, effective May 2, 2024; existing unvested equity awards continue vesting with commensurate service.
Cushman & Wakefield Q1 net loss narrows 62% to $28.8M; adjusted EBITDA up 28%
Revenue $2.18B down 3% YoY; service line fee revenue flat; Leasing +5%, Capital markets -1%.
Cushman & Wakefield reprices $1.0B Term Loan, cuts rate 25 bps; prepays $50M debt
Repriced $1.0B Term Loan due 2030: interest rate reduced from SOFR+4.00% to SOFR+3.75%.
Director Timothy Dattels to retire from Cushman & Wakefield board at 2024 AGM
Timothy Dattels notified Company on March 26, 2024, of his retirement and will not stand for re-election.
Cushman & Wakefield appoints McPeek and Vennam to board; PAG directors resign
Anthony Miller and Lincoln Pan resigned as directors effective March 18, 2024; PAG will not designate replacements.
Cushman & Wakefield Q4 revenue $2.6B (-4% YoY); FY net loss $35M, adj. EPS $0.84
Q4 service line fee revenue $1.8B (-2% YoY), with leasing +5%, capital markets -31%.
Brett White to receive $480k/yr as Executive Chairman of Cushman & Wakefield starting Jan 1, 2024
Brett White to remain Executive Chairman with annual cash compensation of $480,000, effective Jan 1, 2024.
Cushman & Wakefield appoints Michelle Felman to Board of Directors
Michelle Felman appointed to Cushman & Wakefield board, effective November 2, 2023.
Cushman & Wakefield Q3 net loss $33.9M; revenue down 9% YoY to $2.3B
Q3 2023 revenue $2.3B (-9% YoY); service line fee revenue $1.6B (-11% YoY).
Cushman & Wakefield closes $400M notes and $1B term loan to refinance 2025 debt
Issued $400M of 8.875% senior secured notes due 2031; closed $1B term loan at Term SOFR+4.00% (0.50% floor).
Cushman & Wakefield unit prices $400M 8.875% notes due 2031; upsizes term loan to $1B
Issuer prices $400M senior secured notes at 8.875% due 2031, reduced from previously announced $500M.
Cushman & Wakefield subsidiary plans $500M senior secured notes due 2031 offering
Up to $500M aggregate principal amount of senior secured notes due 2031 to be offered by Cushman & Wakefield U.S. Borrower, LLC.
Cushman & Wakefield files corporate overview presentation, no material news
Company filed a standard corporate overview presentation dated Aug 1, 2023 as Exhibit 99.1.
Q2 revenue $2.4B (-8% YoY); service line fee revenue $1.6B (-15%).
Cushman & Wakefield amends credit agreement to replace LIBOR with Term SOFR
Amendment No. 5, effective June 28, 2023, replaces LIBOR-based rates with Term SOFR plus credit spread adjustment for Replacement Term Loans.
Director Angelique Brunner resigns from Cushman & Wakefield board effective June 30, 2023
Angelique Brunner resigns from board for personal reasons, not due to any disagreements with company.
Cushman & Wakefield shareholders elect all directors, approve say-on-pay at 2023 AGM
Brett White elected with 205.2M for (96%); Jodie McLean 181.7M for (85%); Billie Williamson 210.2M for (98%).
John Forrester to retire as CEO and from board on June 30, 2023; will remain strategic advisor through Dec 31, 2023.
Net loss $76.4M ($0.34 diluted EPS); adjusted EPS loss $0.04 vs $0.48 prior year.
Cushman & Wakefield Q4 revenue down 8%, adjusted EBITDA down 37% YoY
Q4 2022 revenue $2.6B (-8% YoY); service line fee revenue $1.9B (-17% YoY).
Cushman & Wakefield extends $1.0B term loan maturity to 2030; rates reset to SOFR+3.25%
Extended $1.0B of $2.6B senior secured term loan from Aug 2025 to Jan 2030.
On June 19, 2025, Brett White notified the board of directors (the “Board”) of Cushman & Wakefield plc (the “Company”) of his decision to resign from the Board, effective July 31, 2025.
appointed each of Susan Daimler and Timothy Wennes to serve as a director on the Board effective as of August 1, 2025
In addition, Mr. Plavin will become the Chairman of the Board effective October 1, 2025.
appointed each of Susan Daimler and Timothy Wennes to serve as a director on the Board effective as of August 1, 2025
On June 7, 2024, Jonathan Coslet notified Cushman & Wakefield plc (the “Company”) of his decision to resign from the Board, effective immediately, which the Board accepted.
the Board approved the promotion of Laurida Sayed to Chief Accounting Officer of the Company, effective immediately, replacing Neil Johnston in that position.
the Board approved Brett White’s transition from Executive Chairman of the Board to non-Executive Chairman of the Board, serving in a non-executive, non-employee capacity, effective immediately
Timothy Dattels notified Cushman & Wakefield plc (the “Company”) of his decision to retire from the Board of Directors and that he will not stand for re-election at the Company’s upcoming 2024 Annual General Meeting of Shareholders (the “Annual Meeting”).
each of Anthony Miller and Lincoln Pan notified the Board of Directors (the “Board”) of Cushman & Wakefield plc (the “Company”) of his decision to resign from the Board, effective as of March 18, 2024
each of Anthony Miller and Lincoln Pan notified the Board of Directors (the “Board”) of Cushman & Wakefield plc (the “Company”) of his decision to resign from the Board, effective as of March 18, 2024
the Board appointed each of Jennifer J. McPeek and Rajesh Vennam to serve as a director on the Board, filling the vacancies created by the aforementioned resignations, effective as of March 18, 2024
the Board appointed each of Jennifer J. McPeek and Rajesh Vennam to serve as a director on the Board, filling the vacancies created by the aforementioned resignations, effective as of March 18, 2024
Max materiality 0.95 · Median 0.55 · Most common event debt