The company said its subsidiary CBRE Services, Inc. issued $500 million in Senior Notes due 2029 bearing 5.500% interest on February 20, 2024, fully and unconditionally guaranteed by the company. The notes mature on April 1, 2029.

1. 01

   The company said its subsidiary CBRE Services, Inc. issued $500 million in Senior Notes due 2029 bearing 5.500% interest on February 20, 2024, fully and unconditionally guaranteed by the company. The notes mature on April 1, 2029.

2. 02

   The company said it intends to use the net proceeds from the notes to help finance the acquisition of J&J Worldwide Services. The notes were sold under an underwriting agreement with Wells Fargo Securities, BofA Securities and HSBC Securities (USA).

3. 03

   The company said the notes bear interest at 5.500% per year, payable semi-annually in arrears on April 1 and October 1, with the first payment due on October 1, 2024. The notes are senior unsecured obligations of Services and are effectively subordinated to secured debt, to the extent of the value of the assets securing that debt.

4. 04

   The company said its Board of Directors appointed Guy A. Metcalfe as a director effective February 26, 2024, with the appointment made on February 21, 2024. He will serve on the Compensation Committee and the Corporate Governance and Nominating Committee. The company said the appointment expands the Board to 12 directors.

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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

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