2023-06-21 06:25:52 ET
- CBRE Group ( NYSE: CBRE ) has priced the offering of $1B of 5.950% senior notes due 2034 at a price equal to 98.174% of their face value.
- Notes will be issued by the subsidiary CBRE Services, Inc. and guaranteed on a full and unconditional basis by the company.
- Offering is expected to close on June 23, 2023.
- The company estimates net proceeds of approximately $973M, which will be used for general corporate purposes, including the repayment of outstanding indebtedness.
For further details see:
CBRE Group prices $1B senior notes offering