Cushman & Wakefield secures loan to refinance $1.4bn debt.

Autor: Flaherty, Mel
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Zdroj: Property Week; 9/1/2023, Vol. 90 Issue 32, p11-11, 2/3p
Abstrakt: Global real estate business Cushman & Wakefield (C&W) has refinanced $1.4bn (£1.1bn) of existing debt after securing a $1bn (£794m) refinancing loan and closing the offer of $400m (£318m) of its senior secured notes. Net proceeds from the offering and the new loan were used to refinance $1.4bn of existing indebtedness outstanding under its $1.6bn (£1.3bn) senior secured term loan due to mature on 21 August 2025, prior to which date the company intends to repay the remaining $193m (£153m) of the senior secured cash loan in cash and cash equivalents. [Extracted from the article]
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