Cushman & Wakefield Ltd. (CWK) Form 8-K — Jun 15, 2026
Cushman & Wakefield amended its credit agreement, upsizing its 2026-1 Term Loan facility to an aggregate principal amount of $1.2 billion and extending the maturity date to 2033. The amendment repriced the loans at Term SOFR plus 2.25% or Base Rate plus 1.25% and reset the soft call premium to 1.00%. Proceeds from the upsized facility will be used to repay non-converted term loans and redeem $350 million of the Issuer's outstanding 6.750% Senior Secured Notes due May 2028.
Key figures
- Debt Amount
- 1200000000
- Notes redemption amount
- 350000000
- Pricing margin term sofr
- 2.25%
- Notes remaining outstanding
- 200000000
- 2025 3 term loans outstanding
- 840018750
- 2026 1 term loans total amount
- $1,200,000,000
- 2026 1 term loans upsize amount
- 352500000
- Maturity date 2026 1 term loans
- 2033
Price after filing
Close on the filing date to close N calendar days later (from $13.39). Historical, not a forecast.
AI analysis
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