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CBRE Group logoCBRE Group CBRE

CBRE Group and CBRE Services, Inc. entered into an underwriting agreement on April 28, 2025 for the issuance and sale of $600,000,000 of 4.800% Senior Notes due 2030 and $500,000,000 of 5.500% Senior Notes due 2035, the company said.

8-KEntry into a Material Definitive AgreementFiled Period of report Summary published (UTC)

Key points

AI summary
  1. CBRE Group and CBRE Services, Inc. entered into an underwriting agreement on April 28, 2025 for the issuance and sale of $600,000,000 of 4.800% Senior Notes due 2030 and $500,000,000 of 5.500% Senior Notes due 2035, the company said.

  2. The company said it expects the sale of the notes to close on May 12, 2025, subject to customary closing conditions.

  3. The company said it plans to use the net proceeds from the offering to redeem CBRE Services' 4.875% senior notes due 2026, to repay borrowings under its commercial paper program and for other general corporate purposes.

  4. The company said CBRE Services, Inc. delivered notice on April 28, 2025 of its intent to redeem all of its outstanding 2026 Notes, and that the redemption is expected to occur on May 28, 2025, conditioned on the closing of the sale of the new notes.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

4.800% and 5.500% Senior Notes Underwriting Agreement

CBRE Group and CBRE Services, Inc. entered into an underwriting agreement on April 28, 2025 for the issuance and sale of $600,000,000 of 4.800% Senior Notes due 2030 and $500,000,000 of 5.500% Senior Notes due 2035, the company said.

Source · Based on the filing body and exhibits

Expected Closing Date of Notes Offering

The company said it expects the sale of the notes to close on May 12, 2025, subject to customary closing conditions.

Source · Based on the filing body and exhibits

Use of Net Proceeds

The company said it plans to use the net proceeds from the offering to redeem CBRE Services' 4.875% senior notes due 2026, to repay borrowings under its commercial paper program and for other general corporate purposes.

Source · Based on the filing body and exhibits

Notice of Redemption of 2026 Notes

The company said CBRE Services, Inc. delivered notice on April 28, 2025 of its intent to redeem all of its outstanding 2026 Notes, and that the redemption is expected to occur on May 28, 2025, conditioned on the closing of the sale of the new notes.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.