Cushman & Wakefield Successfully Executes Strategic Term Loan Extension and Accelerates Balance Sheet Optimization Through Partial Redemption of Senior Secured Notes Due 2028
Cushman & Wakefield amended its credit agreement to upsize a term loan tranche by $353 million, bringing the total to $1.2 billion with a maturity extended to 2033. The company used the incremental proceeds to partially redeem $350 million of its 6.75% Senior Secured Notes due 2028, leaving $200 million of those notes outstanding.
Key figures
- Notes coupon
- 6.75%
- Revenue 2025
- 10300000000
- Notes maturity
- 2028
- Term loan maturity
- 2033
- Term loan new margin
- 2.25%
- Term loan old margin
- 2.75%
- Notes redeemed amount
- 350000000
- Term loan tranche total
- 1200000000
- Term loan upsize amount
- 353000000
- Notes outstanding remaining
- 200000000
- Term loan remaining unchanged
- 840000000
AI analysis
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