Financing ·
CBRE Group, Inc. entered into a new 364-day senior unsecured revolving credit agreement with Wells Fargo Bank…
CBRECbre Group, Inc.
CBRE Group, Inc. entered into a new 364-day senior unsecured revolving credit agreement with Wells Fargo Bank, National Association, providing an aggregate principal amount of up to $1 billion in commitments. The agreement replaces a previous facility, and loans will bear interest at a rate based on Term SOFR plus a margin of 0.645% to 1.125% or a base rate spread of 0% to 0.10%. The facility matures on June 22, 2027. CBRE Group, Inc. operates in the commercial real estate services industry.